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Business

Oil prices diverge

Published: 19 Feb 2013 - 07:34 am | Last Updated: 04 Feb 2022 - 06:25 am

LONDON: Oil prices traded narrowly mixed yesterday in quiet trading as dealers mulled the outcome of a G20 weekend meeting amid a public holiday in the United States.
Brent North Sea crude for delivery in April edged up three cents to stand at $117.69 a barrel in late London deals. New York’s main contract, light sweet crude for March, fell 29 cents to $95.57 a barrel.
The International Energy Agency’s chief economist, Fatih Birol, said that high Brent crude oil prices were posing big risks for the global economy and Europe in particular.
AFP