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Commodities

Wednesday May 27, 12:28 PM

 

 

In Wednesday morning trade, light sweet crude for delivery in July hit 63.45 dollars per barrel in New York

By Safin Hamed

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A worker turns a wheel-tap at the Tawke oil field -- which is linked to the Jihan Turkish pipeline -- in Zakho, 400km north of Baghdad, May 18. Oil prices hit a six-month high above 63 dollars per barrel on Wednesday, lifted by buoyant equity markets ahead of this week's OPEC output meeting, traders said. A worker turns a wheel-tap at the Tawke oil field -- which is linked to the Jihan Turkish pipeline -- in Zakho, 400km north of Baghdad, May 18. Oil prices hit a six-month high above 63 dollars per barrel on Wednesday, lifted by buoyant equity markets ahead of this week's OPEC output meeting, traders said.


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