Video
Brent Crude Oil Price Surpasses $103 Per Barrel For First Time Since May 22
A pump jack is silhouetted against the setting sun in Oklahoma City on March 22, 2012.
Global oil prices accelerated their rise to 2–3%, with the price of Brent crude surpassing $103 per barrel for the first time since May 22, according to trading data.As of 12:01 GMT, November Brent crude futures were up 2.19% from the previous close, reaching $103.43 per barrel — the first time the price has exceeded $103 since May 22.October WTI crude futures rose 2.76% to $98.65 per barrel.
MultimediaUS Strategic Oil Reserves Fall to 44-Year Low27 August, 11:05 GMT
