Tuesday, April 06, 2010

Oil prices respond to economic 'recovery'

SHOOT: It's oil prices that will, again, eclipse any progress made on jobs, inflation, debt etc.
clipped from news.yahoo.com
Oil price soars as recovery accelerates

SINGAPORE – Oil prices hovered near 18-month highs above $86 a barrel Tuesday in Asia as traders mulled whether a recovering U.S. economy warranted further gains.

Oil has jumped 24 percent since early February.

In London, Brent crude was up 27 cents at $85.61 on the ICE futures exchange.

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