Oil prices up

Published August 26, 2008

PARIS, Aug 25: Oil prices rose slightly on Monday after a sharp fall, despite the firming of the dollar, amid reports of the hijacking of a ship in the southern delta region of major producer Nigeria.

New York’s main contract, light sweet crude for October, rose to $115.39 a barrel in European trade, after diving by nearly $7 to $114.59 on Friday in New York.

Brent North Sea crude for October rose to $114.73 from $113.92.—AFP

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