Friday, August 17, 2012

US Light crude oil futures gets boost after Saudi targets $100 price range

US Light crude oil futures open Tuesday’s trading session higher as oil prices saw a boost following comments from Saudi Arabia’s energy minister saying that the world’s biggest crude exporter wants oil prices at $100 a barrel. Latest WTI Oil Price US Light crude oil futures for February 2012 delivery was trading at $100.64 a barrel, 07.55 GMT this morning in electronic trading on the NYMEX.

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