Thursday, March 1, 2012

Oil prices higher

Brent North Sea crude is trading at nearly $ 127 per barrel
while West Texas Intermediate is trading above $ 109 a barrel. Meanwhile, light, sweet crude for April delivery soared to as high as $110.55 a barrel after it settled for Thursday at $108.84 a barrel on the New York Mercantile Exchange, up $1.77 from Wednesday's closing level. Brent crude on the ICE Futures Europe exchange also rose to $128.40 a barrel.

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