My Account Menu

CAPA Login

Register to trial CAPA Membership!

Oil prices touch USD100 per barrel in New York

24-Feb-2011 12:00 PM

Oil surged to USD100 per barrel in New York for the first time in two years on continued violence in Libya (Bloomberg, 24-Feb-2011). Crude for Apr-2011 delivery increased 2.8% to settle at USD98.10 on the New York Mercantile Exchange on 23-Feb-2011 after reaching an intra-day high of USD1000, the highest level since 02-Oct-2008.