Tuesday, March 01, 2011

Brent crude’s ascent to 29 month high above US$113 fuels concerns of slower global growth

Unrest in Libya and fears of the sentiments spreading to other oil producing countries in the Middle East-North Africa region has propelled Brent crude to a 29 month high past US$113, while crude tradded at around US$99 on the Nymex.

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