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Showing posts with label Crude oil prices hit new 2.5-year highs. Show all posts
Showing posts with label Crude oil prices hit new 2.5-year highs. Show all posts

Crude oil prices hit new 2.5-year highs

 World oil prices jumped Friday to their highest levels in more than two years as the market was driven by simmering political tensions in the Arab world and concern over elections in Nigeria.

New York's main contract soared to $112.91 -- a level last seen in September 2008, before pulling back to $112.79, up $2.49 from Thursday.

Brent North Sea crude for delivery in May ended the day at $126.65, up $3.98 from Thursday's closing level.

Prices rose sharply this week on the back of violent unrest in Libya, popular unrest in the wider Middle East, and as the dollar has weakened

09:15 | Labels: , , , | 0 Comments  

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