Oil rises above $90...

Drudge Report / 22nd Dec 2010

New York Mercantile Exchange

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Oil Prices: SINGAPORE (AP) -- Oil Prices rose above $90 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected for a second week, which suggests demand is improving.

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Benchmark oil for February delivery was up 19 cents to $90.01 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

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The contract rose 45 cents to settle at $89.82 on Tuesday. The American Petroleum Institute said late Tuesday that crude inventories fell 5.8 ...

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O'Dowd Executive posted 20th Dec 2010 (via twitter)

Oil supplies are high & demand is weak why are oil prices so high? Demand for heating oil forcing brent crude to USD$100 a barrel in 2011!!

India Indian posted 21st Dec 2010 (via twitter)

Oil prices strike two-year high in London: Brent North Sea crude for delivery in February, jumped to 93.04 dollars per barrel at abou...

commoditiesXpress posted 22nd Dec 2010 (via twitter)

Should see $100 Brent crude oil futures prices in 2011 as the economy shows continued signs of a measured recovery.