BANGKOK - oil fluctuated below US $95 per barrel Thursday in Asia after the Greece of an austerity plan approval procedures eased concerns about a spreading of the financial crisis in Europe.
Oil of reference for August delivery fell 27 cents to $94.50 US per barrel at Bangkok late afternoon electronic trade on the New York Mercantile Exchange. Gross earned $1.88 to settle at $94.77 Wednesday.
In London, Brent crude for August delivery was off the coast of $1.18 $112.22 ice future exchange.
The dollar lost ground to the euro and other major currencies, which boosted the oil as well. Oil, which is priced in dollars, tends to increase while the greenback falls and makes crude cheaper for investors holding other currencies.
Oil was recovered in the last two days of losses since last Thursday, when the 28 - nation International Energy Agency said that it would be 60 million barrels of crude from available stocks of emergency to help lower prices.
He got a boost as Greek legislators prepared for and adopted financial reforms which were necessary for the country receive the next part of a package of aid. Without this money, the risk of countries default on its debts.
Gross of nearly $115 at the beginning of the month dropped last in the fears of slowdown in demand in Europe and the United States.
Other Nymex trading in July, contracts, heating oil fell 2 cents to 2.90 $ a gallon of gasoline dropped 1.9 cents per gallon to $2.99. Natural gas futures lost 4 cents to $4.28 per 1,000 cubic feet.
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