Tuesday, February 05, 2008

Oil prices mount past US$89 a barrel on gains in Asian equity markets

Oil prices rose past US$89 a barrel, on gains in Asian equity markets. Light, sweet crude for March delivery moved up to US$89.15 a barrel in Asian electronic trading on the New York Mercantile Exchange by midday in Singapore. In London, Brent crude futures rose to US$89.63 a barrel on the ICE Futures exchange.

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