Bank Of Baku

Oil prices rise again

Oil prices rise again
# 17 February 2011 07:45 (UTC +04:00)
Baku – APA-Economics. Crude futures pared early gains Wednesday despite a government report showing a smaller-than-expected increase in U.S. oil inventories, Wall Street Journal reported.
Light, sweet crude for March delivery recently traded 38 cents higher at $84.70 a barrel on the New York Mercantile Exchange after trading as high as $85.23 earlier in the session. Brent crude on the ICE futures exchange traded $1.23 higher at $102.87 a barrel.
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