U.S. crude oil briefly rose above $121 a barrel, a day after its biggest rise in 3 months, before trimming gains to stand 0.3 percent lower on the day.
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Oil Climbed On US-Russian Tension
Crude prices have gained more than 6 percent this week
Oil briefly rose above $121 a barrel on Friday on mounting tension between the United States and Russia on anti-ballistic missile system in Czech Rebublic.
Crude prices have gained more than 6 percent this week on the escalating tensions over Russia's military intervention in Georgia.
U.S. crude oil briefly rose above $121 a barrel, a day after its biggest rise in 3 months, before trimming gains to stand 0.3 percent lower on the day.
U.S. crude oil briefly rose above $121 a barrel, a day after its biggest rise in 3 months, before trimming gains to stand 0.3 percent lower on the day.
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