Oil prices decline to $97.28 a barrel on Feb. 24

Crude oil prices fell a bit less than $1 to close at $97.28 a barrel

Crude oil prices fell a bit less than $1 to close at $97.28 a barrel. This is due to assurance from the International Energy Agency that it is prepared to release its emergency oil stockpiles to cover any shortfalls resulting from the turmoil in the Middle East. Nevertheless, investors remained cautious as Libya is in turmoil.

Here are the prices of some other key commodities traded in New York on Thursday:

  • Coffee prices fell 5 cents to end the day at $2.64 a pound.
  • Copper prices rose 5 cents to hit $4.33 a pound.
  • Cocoa futures were unchanged at $3,661 a ton.
  • In Chicago trading, wheat prices dropped 16 cents to end at $7.83 a bushel.
  • Rice prices fell 2 cents to close at $13.48 a hundredweight.
VOA News; WSJ

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