Friday, February 12, 2010

Severe winter grips US, oil and gas prices rise on confidence over EU plan to assist Greece

Crude oil and natural gas prices rose yesterday as severe winter gripped most of USA. Crude oil futures on the Nymex rose past US$75, while ICE inched above US$73. Crude oil also gained as investors ffound confidence with the European Union's plan to assist Greek with its national debt.

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