Light sweet crude for February delivery eased to US$91.5 on the Nymex while Brent North Sea crude for March rose to US$98.43. Expectations abound that oil could touch the 100 dollar mark as an uptrendd continues in prices on optimism over the global economic recovery and interest from bullish investors, amid a harsh winter in North America and Europe.
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Tuesday, January 18, 2011
Oil prices linger above US$91
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