Oil prices continue to rise

Oil prices continue to rise
# 05 April 2011 07:42 (UTC +04:00)
Baku – APA-ECONOMICS. Oil prices fell to near $108 a barrel Tuesday in Asia as traders mulled whether political uprisings in the Middle East and signs of strong global crude demand justify extending a 30 percent rally since mid-February, Associated Press reported.
Benchmark crude for April delivery was down 38 cents at $108.09 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. On Monday, the contract gained 53 cents to settle at $108.47, the highest since September 2008.
In London, Brent crude for April delivery was down 28 cents to $120.78 a barrel on the ICE Futures exchange.
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