Oil prices end last week on a higher note amid supply concerns and stronger data from USA

26-Dec-11
Rising for the fifth consecutive day, February crude oil prices have risen to US$99.6, while Brent February settled at US$107.9. Oil ended last week on a higher note on concerns about potential supply disruptions in Iran and Iraq and recent signs of a strengthening US economy. However, the ongoing Christmas holidays have kept trading volumes thin. Better than expected economic figures have strengthened equities on the Wall Street and turned the S&P 500 index positive for the year in a four-day rally to end up for the week.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha