US oil price rises above US$102 as unrest in Libya continues
US oil price on Wednesday rose and settled above US$102 a barrel as unrest in Libya continued and US inventories dropped, reports China's Xinhua news agency.
Oil prices rose past $104 per barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the US, reported that employers added nearly 200,000 new jobs in February.