oil prices
LONDON (AFX) - Oil prices reversed yesterday's decline to trade back above 59 usd a barrel on news bad weather has interrupted oil supplies at Alaska's key export terminal and as traders looked to further draw downs in fuel stocks ahead of winter.
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At 9.18 am in London, front-month Brent North Sea crude contracts for January delivery were up 22 cents at 59.20 usd a barrel, after settling down 1 cent at 58.98 usd yesterday.
Meanwhile, New York light sweet crude contracts for January delivery were up 24 cents at 59.03 usd a barrel, after closing down 58 cents at 58.80 usd yesterday.
On Friday, December New York crude contracts expired at a 17-month low of 55.81 usd
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