Oil Prices Rise

By: Associated Press Email
By: Associated Press Email
Oil prices have risen above $81 a barrel in Asia. An analyst in Singapore says the European bank rescue plan is the main reason for the turnaround. Meanwhile, gasoline prices continue to fall.

An oil tanker makes its way through New York Harbor past the Manhattan skyline on Wednesday, Aug. 27, 2008. Oil prices rose above $119 a barrel Thursday on fears that Tropical Storm Gustav could strengthen on its way toward crude and natural gas rigs in the Gulf of Mexico and refineries in the Gulf area. (AP Photo/Mark Lennihan)

Singapore (AP) Oil prices have risen above $81 a barrel in Asia. An analyst in Singapore says the European bank rescue plan is the main reason for the turnaround. Meanwhile, gasoline prices continue to fall.

The latest Lundberg survey has a gallon of regular at $3.31, down 35 cents from two weeks ago.


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