Oil price soars
Source: Agencies |
April 1, 2011, Friday
|
Print Edition
Print Edition
THE price of oil rose past US$106 a barrel yesterday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in east Libya.
Benchmark West Texas Intermediate crude gained US$2.04 to US$106.31 in morning trading on the New York Mercantile Exchange. That's the highest it's been since September 2008. In London, Brent crude rose US$1.98 to US$116.93.
Benchmark West Texas Intermediate crude gained US$2.04 to US$106.31 in morning trading on the New York Mercantile Exchange. That's the highest it's been since September 2008. In London, Brent crude rose US$1.98 to US$116.93.
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