(wire)
Oil climbs above $71/barrel
In response to a depreciating value of the dollar, the price per barrel for oil this morning climbed higher than $71 on the New York Mercantile Exchange.
In fact, the cost of light, sweet crude for March delivery climbed 30 cents to $71.49 a barrel.
This action on the exchange comes just days after the cost of the commodity dipped 4 percent due to reports of increased inventory and concerns related to rising debt in Greece and Spain.
In fact, the cost of light, sweet crude for March delivery climbed 30 cents to $71.49 a barrel.
This action on the exchange comes just days after the cost of the commodity dipped 4 percent due to reports of increased inventory and concerns related to rising debt in Greece and Spain.
