West
Texas Intermediate traded near the highest price in more than four
weeks before data that may signal the strength of the economy in the
U.S., the world��s biggest oil consumer.
WTI
for July delivery was at $104.29 a barrel in electronic trading on the
New York Mercantile Exchange, down 6 cents, at 11:49 a.m. Sydney time.
Yesterday��s transactions will be booked with today��s for settlement
purposes. The contract gained 61 cents to $104.35 on May 23, the highest
close since April 21. The volume of all futures traded was four times
the 100-day average. Prices have increased 6 percent this year.
Brent
for July settlement was 14 cents higher at $110.46 a barrel on the
London-based ICE Futures Europe exchange. The European benchmark crude
traded at a premium of $6.17 to WTI, compared with $6.19 on May 23.
Copy Source: Bloomberg
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