USD 63.773

+0.02

EUR 70.6286

+0.1

BRENT 60.83

-0.1

AI-92 42.35

0

AI-95 46.15

+0.01

AI-98 51.61

+0.01

Diesel 47.45

+0.01

17

Oil Prices Above $55 Again

Oil prices rebounded above $55 after dipping earlier in the day

Oil prices rebounded above $55 after dipping earlier in the day - despite news that US stocks of crude and petrol had increased.

US light, sweet crude was 31 cents higher, at $55.35 while Brent oil gained 40 cents to $55.50 in London.

On Tuesday, oil prices jumped by almost 5% because of colder weather and US plans to keep more oil for emergencies.

Until recently a relatively mild US winter had reduced energy demand, and helped push up energy inventories.