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Crude oil prices seesaw on Mid East tensions

OIL prices retreated from last weeks record-setting levels, but started climbing again on the New York Stock Exchange yesterday as Israeli forces intensified their air attacks against Hizbollah.

Francine Pennington

Defying this trend was the Asia-Pacific Tapis benchmark – plummeting nearly $US1 per barrel to reach $76.89/bbl, while Brent prices fell 23c to $73.72/bbl. Prices dropped for the third straight day...

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