Oil price continues to rise

The price of oil stood above 96 US dollars a barrel today as dealers awaited a report expected to show a further fall in US crude stockpiles.

Oil price continues to rise
Wed, 02 Jan, 2008 - 08:01

The price of oil stood above 96 US dollars a barrel today as dealers awaited a report expected to show a further fall in US crude stockpiles.

Light, sweet crude for February delivery gained 46 cents to 96.44 US dollars in Asian trading on the New York Mercantile Exchange (NYMEX).

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