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Oil rises for a third day
- Middle East: Thursday, August 21 - 2008 at 11:48
Oil rose to $117 a barrel in New York today as traders worried that Russian crude may be disrupted after the US agreed to build a missile-defense system in Poland and the conflict in Georgia has halted supplies from the Caspian Sea, reported Bloomberg. Crude oil for October delivery rose as much as $1.44, or 1.3 percent, to $117 a barrel on the New York Mercantile Exchange and was trading at $116.83 at 2:30 p.m. in Singapore
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Jeff Florian, Senior ReporterThursday, August 21 - 2008 at 11:48 UAE local time (GMT+4)
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