Tuesday, March 08, 2011

Oil prices volatile

Falling by almost a dollar, light, sweet crude futures for delivery in April traded at US$101.2 on the Nymex, while April Brent crude on London's ICE Futures exchange fell to US$115.1. Crude-oil futurres have dipped on rumors of Libyan leader accepting a proposal by Venezuela to create a multinational commission to mediate the crisis.

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