Oil prices ease above $87 per barrel

October 17, 2007, IRIB, 10:29:09 Þ.Ù

Oil prices eased slightly in Asia on Wednesday but remained above 87 dollars a barrel.

New York's main oil futures contract, light sweet crude for delivery in November, was 18 cents lower in early morning trade at 87.43 dollars a barrel.

In America's trading on Tuesday, oil struck a record intra-day high of 88.20 dollars before dropping back to settle above 87 dollars for the first time, at 87.61 dollars a barrel.

On Monday it jumped more than two dollars.

The price of Brent North Sea crude was not immediately available.

In London trade on Tuesday, Brent for November delivery advanced 1.41 dollars to settle at 84.16 dollars, after earlier hitting an all-time high of 84.49 during the session.

M/D

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.