Monday, September 17, 2012

Oil prices rise amid tensions in Libya and ruling on Eurozone bailout fund

New York's main contract, light sweet crude for delivery in October, inched up to US$97, while Brent North Sea crude rose to US$116. Oil prices rose in Asian trade today as tensions sparked by the killling of the US ambassador to Libya and a German court ruling on a eurozone bailout fund helped boost prices.

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