Oil prices retreated yesterday after a short rally, as traders reacted to a changing political landscape in Italy and tensions in the Middle East.
New York's main contract, light sweet crude for delivery in December, fell 36 cents to $98.63 a barrel after reaching a near four-month high of $99.69 earlier in the day. Brent North Sea crude for December dipped nine cents to $114.07 a barrel. Algerian Energy Minister Youcef Yousfi yesterday said that current oil prices were fair for both consumers and producers and were having "no major (negative) impact on the global economy."
� Muscat Press and Publishing House SAOC 2011 Source: http://www.albawaba.com/oil-prices-retreat-401040
Milan Baros Economic policy Environmental sustainability Roberto Mancini JLS Protest
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