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Oil prices climb amid weak demand outlook
 
June 27, 2012
 
 
Oil prices climb amid weak demand outlook

LONDON - Oil prices rose on Tuesday, while gains were capped by a weak demand outlook and eurozone worries, analysts said. Brent North Sea crude for delivery in August gained 65 cents to $91.66 a barrel in London midday trade. New York’s main contract, light sweet crude for August, climbed seven cents to $79.28 a barrel. “Oil prices have started to recover somewhat” after recent sharp falls, said Barclays Capital analyst Amrita Sen. “Nonetheless, global oil demand in June is likely to have remained weak... due to increased uncertainty about the global macro backdrop.”

 
 
on epaper page 16
 
 
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