Oil price hits two and a half year high

first_img Share whatsapp whatsapp Monday 4 April 2011 7:31 am More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comConnecticut man dies after crashing Harley into live bearnypost.com Oil has hit a new two-and-a-half year high triggered by increasing worries over the situation in Libya.The cost of a barrel of US light, sweet crude reached $108.78 on on expectations of rising demand.Meanwhile, Brent crude, rose to $119.75 a barrel, just below the peak of $119.79 it hit in February, when the Libyan crisis began.Libya is the world’s 17th largest oil producer, with a share of more than two per cent of the world market. Carsten Fritsch, analyst at Commerzbank in Frankfurt, said:“In the short term, oil prices look very well supported.” Show Comments ▼ John Dunne Tags: NULL Oil price hits two and a half year high last_img

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