Oil Prices Hover Around $75 Per Barrel

Oil prices Oil prices swung near $75 per barrel on Friday as signals of growing demand in the U. S. fueled hopes of sustained economic revival but a stronger dollar made crude pricier for foreign investors.

Benchmark crude for the next month delivery dropped 37 cents at $74.24 per barrel in electronic trading on the New York Mercantile Exchange (Nymex).

In other Nymex trading in July contracts, heating oil climbed by 0.34 cents to end at $2.0425 per gallon.

Gasoline rose 0.27 cents to mark its closure at $2.0839 a gallon.

In London, Brent crude rose 2 cents to end at $75.43 on the ICE futures exchange. (With Inputs from Agencies)