Commodities

Oil prices up in Asia

Agencies Singapore | Updated on February 21, 2011

Oil prices surged in the Asian trade today, with Brent crude passing $103 as escalating tensions in Libya fuelled concerns over instability spreading across the oil-producing Arab states.

Brent North Sea crude for April delivery climbed $1.02 to $103.54 per barrel, and New York’s main contract, light sweet crude for delivery in March, gained $1.13 to $87.33.

Published on February 21, 2011

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