Bank Of Baku

Oil prices rise

Oil prices rise
# 11 January 2011 07:00 (UTC +04:00)
Baku – APA-Economics. Crude futures settled higher Monday following the closure of the Trans-Alaska Pipeline, a major route for oil delivery, igniting some worries about supply constraints, Wall Street Journal reported.

Light, sweet crude for February delivery settled $1.22, or 1.4%, higher at $89.25 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled $2.37 higher at $95.70 a barrel.
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