Tag: Emerging markets

Oil prices slipped slightly in Asian trading on Tuesday but remain well above $120 a barrel for Brent crude, as investors fret about Libya, unrest in North Africa,  and Nigerian election delays, not to mention delivery problems in the North Sea and a strike in Gabon.

At 0810 London time, Brent crude was at $120.67, down $0.39, but still close to its highest level since 2008. The premium over West Texas Intermediate -  the US benchmark – widened to $12.80 – short of its March record of $17 but still high by past standards, in recognition of the greater threats to supply in Europe than North America.

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