Topic: Richard Soultanian
Oil stocks are back up Tuesday, amid confusion about the situation in Tripoli. After falling yesterday, oil stocks rose today in Europe, and prices for benchmark oil for October delivery were up to nearly $86 in Paris in the afternoon.
Crude oil moved above $91 a barrel Friday, a day after the International Energy Agency announced it would release 60 million barrels of crude oil from reserves.
Oil prices rise above $108 a barrel in Asia. Signs of a strengthening jobs market in the US is behind the boost in oil prices.