Crude oil prices climbed back to earlier highs in London tonight, after an Iraqi parliamentary committee recommended rejection of the UN resolution on arms inspection At 5.55 pm, benchmark Brent crude contracts for December delivery were trading up 54 cents on the day at USD24.12 a barrel, compared with USD24.13 in midday trade
In New York, the reference Light Sweet Crude December contract gained 46 cents on the day to reach USD26.22 per barrel The Iraqi parliamentary committee for international affairs has recommended rejection of UN Security Council Resolution 1441, which imposes tough new arms inspection terms, a committee leader said //www.fxcentre.com