Oil Rises on Libya Conflict, Supply Concerns -Shanghai Metals Market

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Oil Rises on Libya Conflict, Supply Concerns

Data Analysis 10:21:29AM Mar 22, 2011 Source:SMM

NEW YORK, Mar. 22 -- U.S. crude oil price rose as a Western coalition airforce struck Libya and unrest in several Middle East countries caused concerns about crude supply safety.

Light, sweet crude for April delivery gained 1.26 dollars to settle at 102.33 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for May delivery also rose and last traded near 115 dollars a barrel.

 

Key Words:  oil   oil price  

Oil Rises on Libya Conflict, Supply Concerns

Data Analysis 10:21:29AM Mar 22, 2011 Source:SMM

NEW YORK, Mar. 22 -- U.S. crude oil price rose as a Western coalition airforce struck Libya and unrest in several Middle East countries caused concerns about crude supply safety.

Light, sweet crude for April delivery gained 1.26 dollars to settle at 102.33 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for May delivery also rose and last traded near 115 dollars a barrel.

 

Key Words:  oil   oil price