Possible supply disruptions anticipated to be caused by escalating tensions between Georgia and Russia has spiked world oil prices by over a dollar in Asian trade. As exports have been halted via two Georgian ports due to the fighting, New York's light sweet crude for September delivery, rose to US$116 a barrel, while London's Brent North Sea crude for September delivery was up at US$114.
For more details on Crude values spike by one dollar as tensions between Georgia and Russia intensify click here
Monday, August 11, 2008
Crude values spike by one dollar as tensions between Georgia and Russia intensify
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment