Oil prices rise above $ 48 a barrel
BAGHDAD / Sky Press: Rtft oil prices in Asian trading as it gained support from the dollar's decline to fly over its lowest level in three weeks you noted in the previous session after it strengthened more than expected increase in US oil inventories fears of a global supply glut.
The price of Brent crude futures December 34 cents delivery, up to $ 48.19 a barrel, while coming in third International benchmark crude 86 cents or 1.8 percent at the close of trading after reaching US $ 47.50 a barrel, the lowest level since early October.
US crude rose as the price of the December 32 cents to $ 45.52 a barrel, after falling 1.09 dollars or 2.4 percent at the settlement in the previous session and crude reached its lowest level in three weeks at $ 44.86 a barrel.
[You must be registered and logged in to see this link.]