Showing posts with label prices. Show all posts
Showing posts with label prices. Show all posts

Wednesday, December 2, 2009

Oil prices increase following concerns for weak dollar and Iran

World oil prices surged for the second straight day Tuesday as a weaker dollar lifted commodities and the market fretted about geopolitical tensions over Iran's nuclear program.

New York's main contract, light sweet crude for January delivery, closed at 78.37 dollars a barrel, up 1.09 dollars from Monday.

In London, Brent North Sea crude for January delivery gained 88 cents to settle at 79.35 dollars a barrel.