Friday, January 08, 2010

Oil crosses US$83 for the first time since fall of 2008

Benchmark crude rose to US$83.18 on the Nymex, while Brent crude for February delivery in London rose to US$81.47 a barrel on the ICE Futures exchange. A barrel of crude oil has crosses US$83 for the first time since fall of 2008 on a cold snap in the Northern Hemisphere.

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