Bank Of Baku

Oil continues to rise

Oil continues to rise
# 25 July 2011 08:22 (UTC +04:00)
Baku – APA-ECONOMICS. Oil prices fell below $99 a barrel Monday in Asia amid investor concern that the lack of an agreement among U.S. lawmakers to raise the country’s debt limit could trigger a default and damage the global economy, Sacramento Bee reported.

Benchmark oil for September delivery was down 95 cents to $98.92 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose 74 cents to settle at $99.87 on Friday.

In London, Brent crude slid 68 cents to $117.99 per barrel on the ICE Futures exchange.
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