OL: World Oil Prices Jitter on Irish Debt Problems
The price of oil on world commodity exchanges was growing Friday morning as investors feared the consequences the Irish bail-out may have on markets.
The price of a January futures contract for WTI light sweet crude in electronic trading on Nymex was off 32 cents to $83.86 a barrel by 6:50 Moscow time. The price of a January futures contract for North Sea Brent blend has risen 26 cents to $86.10 in London.
Oil prices climbed slightly the day before on a weakening dollar. January WTI contracts were up 32 cents to $84.18 a barrel, while January Brent contracts were up 41 cents to $86.25.
