+ Follow ANDREY KRYUCHENKOV Tag
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[Title] => Oil rises to two-year high near $91 a barrel
[Summary] => SINGAPORE (AP) – Oil prices rose to fresh two-year highs near $91 a barrel yesterday in Asia as a US stock market rally boosted optimism that demand will improve.
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[Summary] => NEW YORK (AFP) - World oil prices advanced yesterday as calmer global financial markets eased concerns about weaker economic growth that would dampen energy demand, traders said.
New York's main oil futures contract, light sweet crude for delivery in October, closed up 57 cents at 69.83 dollars per barrel.
On Wednesday, New York crude had dipped to 68.63 dollars, its lowest point since June 27, following news of a shock weekly increase in crude oil reserves in the United States.
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ANDREY KRYUCHENKOV
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New York's main oil futures contract, light sweet crude for delivery in October, closed up 57 cents at 69.83 dollars per barrel.
On Wednesday, New York crude had dipped to 68.63 dollars, its lowest point since June 27, following news of a shock weekly increase in crude oil reserves in the United States.
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abtest
December 24, 2010 - 12:00am