Oil hits 26-month high to end 2010 up 15 percent (Reuters)

Written on December 31, 2010 by Editor - Business News

An employee walks past a pump jack at a PetroChina plant on the outskirts of Shenyang, Liaoning province January 13, 2008. REUTERS/StringerReuters - Oil prices hit a 26-month high over $92 a barrel on Friday, closing the year up 15 percent on expectations that the economic recovery will drive demand growth next year and send prices into triple digits.



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