Wednesday, February 27, 2013

Marginal recovery in oil prices

New York's main contract, WTI crude for April, inched up to US$93.1, while, in London, Brent North Sea crude for April delivery rose to US$114.10 a barrel, at the end of the previous week. A marginal recovery was seen in oil prices on Friday, after two days of losses triggered by concerns that prices had outrun weak growth in demand.

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