May 22, 2013 | 02:51 AM (BD Time)
22 May, 2013 Wednesday
Oil mixed in choppy trade
. AFP, NEW YORK
Oil prices were mixed yesterday, rising modestly as traders bet that weaker US growth would push the Federal Reserve toward more stimulus and falling as others worried about Spain's growth problems.
In light trade New York's main contract, West Texas Intermediate crude for delivery in June, rose 48 cents to closeat $104.93 a barrel. Brent North Sea crude for June lost nine cents to $119.83 a barrel in London.
The Commerce Department reported that US gross domestic product grew at an annual rate of 2.2 percent.
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