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Oil holds near $98 on Middle East turmoil – Feb. 28, 2011.

Brent crude, the main European contract, was down 46 cents to $111.68 a barrel.

The benchmark U.S. oil contract, West Texas Intermediate, for April delivery was up 13 cents to $98.01 a barrel.

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My Note –

But, the prices based on “higher fuel costs” are up for things from pump prices to airline tickets – none of which have purchased any oil at these prices yet now at the slightly higher prices where they were three days ago. Figures.

– cricketdiane

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