Bank Of Baku

Oil prices surge

Oil prices surge
# 27 January 2011 07:20 (UTC +04:00)
Baku – APA-Economics. Crude-oil futures rebounded Wednesday, settling higher after six-straight sessions of losses on a rise in prices for heating oil and gasoline, Wall Street Journal reported.

Light, sweet crude for March delivery settled $1.14, or 1.3%, higher at $87.33 a barrel on the New York Mercantile Exchange.

Brent crude on the ICE futures exchange traded $2.61 higher at $97.86 a barrel.
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