News

Oil Prices Climb

Related Articles

World oil prices rebounded in Wednesday's trading.

The price of a barrel of crude oil for future delivery gained nearly $4 to go as high as $95 a barrel in New York.

Oil prices had fallen earlier in the week as investors worried that problems in the U.S. financial sector could hurt the economy and slow demand for energy.

Oil buyers were apparently reassured when Washington helped insurance giant AIG and took other actions to calm the markets.

Oil prices have fallen more than one-third since hitting an all-time high price above $147 a barrel in July.

 

Some information for this report was provided by AFP, AP and Reuters.

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Feature Story

FILE - Men read newspapers with headlines about the Ebola Virus in Lagos, Nigeria.

Photogallery Nigeria Using Facebook, Twitter to Inform People About Ebola

Nigerian government says communication is its first line of defense against Ebola More