Bloomberg News

Crude Oil Erases Loss in New York, Trades at Two-Week High

February 14, 2012

Feb. 14 (Bloomberg) -- Oil traded at a two-week high in New York, erasing earlier losses.

Crude for March delivery on the New York Mercantile Exchange rose as much as 18 cents to $101.09 a barrel, the highest since Jan. 31, and was at $101.06 at 8:39 a.m. London time. The contract earlier fell as much as 0.5 percent to $100.37.

To contact the editor responsible for this story: John Buckley at johnbuckley@bloomberg.net


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