Oil price rises amid Russian/US uncertainty

Storm damage to key US oil installations and supply disruptions in Russia sent oil prices spiralling beyond the $46 dollar mark today.

Oil price rises amid Russian/US uncertainty

Storm damage to key US oil installations and supply disruptions in Russia sent oil prices spiralling beyond the $46 dollar mark today.

The cost of light crude bounced to $46.35 a barrel in New York on news that Russia’s largest producer, Yukos, had scaled back exports to China.

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