Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

The Associated Press March 2, 2011, 9:14AM ET

Oil jumps above $100 per barrel

Oil prices have topped $100 per barrel as the New York Mercantile Exchange opens for trading.

Prices rose Wednesday morning as fighting escalated in Libya, a major oil exporter to Europe. Forces loyal to Libyan leader Moammar Gadhafi pushed back against protestors in the eastern half of the country, battling for control of a key oil installation and an airstrip.

Meanwhile, the American Petroleum Institute estimated that oil and gasoline supplies dropped last week in the U.S.

Benchmark West Texas Intermediate for April delivery added 80 cents to $100.43 per barrel. In London, Brent crude added 97 cents to $115.97 per barrel on the ICE Futures Exchange.

Meanwhile gasoline pump prices in the U.S. have risen to almost $3.39 per gallon, according to AAA.


BW Mall - Sponsored Links

Buy a link now!