Monday, January 17, 2011

Brent crude rises, crude falls on the Nymex as US unemployment benefit claims rise to six month highs

Bent crude has steadied above US$98 even as US benchmark prices settled at US$92 on news of an increase in the country's jobless claims. Alaska's main oil pipeline will shut from Friday evening to insstall a bypass aimed at restoring oil shipments to full volumes.

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