Bank Of Baku

Oil prices rise

Oil prices rise
# 28 February 2011 07:00 (UTC +04:00)
Baku – APA-Economics. Oil prices jumped to near $100 a barrel Monday in Asia as Libya’s violent power struggle continued to disrupt crude output in the OPEC nation, Associated Press reported.
Benchmark crude for April delivery was up $1.76 at $99.64 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 60 cents to settle at $97.88 on Friday.
In London, Brent crude for April delivery was up $2.20 to $114.34 a barrel on the ICE Futures exchange.
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