Oil prices continue to rise

Oil prices continue to rise
# 08 April 2011 07:35 (UTC +04:00)
Baku – APA-ECONOMICS. World oil prices Friday stayed above multi-year highs Friday, supported by the continued tensions in the Arab world and the postponement of elections in Nigeria, Africa’s biggest oil producer, Channel News Asia reported.
New York’s benchmark West Texas Intermediate light sweet crude for May delivery rose 55 cents to $110.85 per barrel after touching its highest level in two-and-a-half years in US trade Thursday.
Brent North Sea crude for May delivery gained 38 cents to $123.05.
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