Hirunews Logo
World+Crude+oil+prices+increase
Saturday, 07 September 2013 - 12:24
World Crude oil prices increase
1,170

Views

 

Crude-oil prices surged higher yesterday amid US-Russia tensions over a potential military strike on Syria, pushing the US contract to a 28-month high.

 

The New York benchmark, West Texas Intermediate for October delivery, shot up $2.16 to close at $110.53, the highest level since May 2011.

 

US President Barack Obama and Russian counterpart Vladimir Putin remained at loggerheads over US plans for military action in response to Syrias alleged August 21 chemical weapons attacks against its own civilians.

 

In other oil market news, Shell said it would begin compensation talks next week with thousands of Nigerian villagers who say their livelihoods were ruined by two massive 2008 oil spills in the Niger Delta.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
585 Views
HiruNews
HiruNews
HiruNews
43,075 Views
HiruNews
HiruNews
HiruNews
17,477 Views
HiruNews
HiruNews
HiruNews
40,274 Views
HiruNews
HiruNews
HiruNews
765 Views
HiruNews
HiruNews
HiruNews
92,869 Views
Top