Crude Prices Rebound as Unrest, Japan Crisis Cause Supply Fears

摘要

Crude futures staged a strong comeback Thursday, wiping out most of Wednesday's losses, as violent unrest in North Africa and the Middle East and Japan's unfolding nuclear disaster were viewed as events that could tighten global supply significantly. Nymex April crude futures settled $3.44 higher at $101.42 per barrel while in London May Brent settled up $4.30 at $114.90.