Oil prices rise in Asia on US Federal Reserve's plan to kickstart the economy, tensions in Middle East

18-Sep-12
Oil prices rose in Asia on release of US Federal Reserve's plan to kickstart the economy, and rising tensions in the Middle East. New York's main contract, light sweet crude for delivery in October inched up to US$99, and Brent North Sea crude for November rose to US$116Anti-US demonstrations have been sparked across the oil-rich Middle East and other Muslim nations against a film deemed insulting to the Prophet Mohammed, spurring prices on fears over supplies.
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