The price of oil increases to 75 dollars per barrel

Singapore, July 8 - Oil prices have increased at approximately 75 dollars per barrel today in Asian markets.

Oil prices rose 66 cents to 74.73 dollars per barrel on the Singapore Stock Exchange.

The drop in U.S. supplies of oil and its products have encouraged the prices.

Gas prices have also fallen, according to the reports of AP.
In recent months, oil prices have been influenced by stock markets, as an indicator of economic recovery and demand for oil and gas.

Some analysts are concerned that economic growth will slow down in some developed countries in the second half of the year after the end of government incentive programs.