Bank Of Baku

Oil prices soar

Oil prices soar
# 12 January 2011 07:35 (UTC +04:00)
Baku – APA-Economics. Crude futures settled higher Tuesday, pushing above $91 a barrel as traders remained fearful of supply disruptions from the closure of a major Alaskan pipeline, The Wall Street Journal reported.

Light, sweet crude for February rose as high as $91.33 a barrel on the New York Mercantile Exchange before settling up $1.86, or 2.1%, at $91.11 a barrel.

Brent crude on the ICE futures exchange rose $1.91 to $97.61 a barrel.
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