Tuesday, January 18, 2011

Oil prices linger above US$91

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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