Oil prices were seen on a bright note
Oil prices were seen on a bright note yet for another consecutive day amid mixed economic data and a government inventory report that showed crude oil stocks rose and gasoline stocks fell last week.
JP Morgan analysts said in a research note said: "A strong bond auction by Spain is a strong sign that the market is more relaxed about European financial problems, and as European financial fears relax, Brent crude oil gains in strength."
A barrel of crude oil for July delivery now costs 73 cents to settle at $77.67.
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