Oil hovers below $85 amid Middle East tensions

By ASSOCIATED PRESS
February 17, 2011 09:57

SINGAPORE — Oil prices hovered near $85 a barrel Thursday in Asia on investor concern political upheaval in the Middle East could spread and disrupt crude supplies.

Benchmark crude for March delivery was down 6 cents at $84.93 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 67 cents to settle at $84.99 on Wednesday.

In London, Brent crude for April delivery rose 25 cents to $104.30 a barrel on the ICE Futures exchange.


Related Content

Breaking news
April 25, 2018
Turkish court sentences 15 journalists on terrorism charges

By REUTERS

Israel Weather
  • 15 - 23
    Beer Sheva
    17 - 21
    Tel Aviv - Yafo
  • 12 - 18
    Jerusalem
    15 - 21
    Haifa
  • 19 - 27
    Elat
    16 - 27
    Tiberias