January 29, 2011 10:19 AM

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Oil prices rebound close to 99 U.S dollar

Oil prices rebounded close to 99 U.S dollar on Saturday, as traders reacted to impressive economic growth in the United States and fretted over worsening political turmoil in Egypt, analysts said. Brent North Sea crude for delivery in March surged 1.39 US dollar to 98.78 U.S dollar per barrel in late afternoon London trade. New York's main contract, light sweet crude for March, soared 2.44 U.S dollar to 88.08 U.S dollar a barrel.

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