NEW YORK, July 20 (Reuters) - U.S. and Brent crude futures
strengthened in late trading on Friday as hopes continued to
rise that debt problems on both sides of the Atlantic could be
resolved, traders said.
On the New York Mercantile Exchange, crude for August
delivery was up 65 cents at $98.15 a barrel, by 2:25
p.m. EDT (1825 GMT), erasing losses on earlier liquidations
ahead of its expiry at the close.
NYMEX September crude also rebounded and was up 46
cents at $98.32. It found support from the 200-day moving
average of $97.23, traders said.
In London, ICE Brent crude was up $1.13 at $118.19,
bouncing back from its session low of $117.06,
(Reporting by Gene Ramos)
