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Tag Archives: U.S. Economy

Oil price holds near $94

prices

The price of oil rose slightly Friday and finished the week 2 percent higher on signs of rising demand in the U.S., the world’s biggest oil consumer. Benchmark crude for February delivery rose 41 cents to close at $94.37 in New York. Oil is up 2 percent since closing last Friday at $92.72. Brent crude for March delivery was up ...

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Oil price falls below $98 as dollar strengthens

prices

The price of oil fell below $98 a barrel Thursday amid reduced trading volumes and the impact of a strengthening dollar. By early afternoon in Europe, benchmark oil for February delivery was down 72 cents to $97.70 on the New York Mercantile Exchange. On Tuesday, the Nymex contract fell 87 cents to close the year at $98.42. Markets were closed ...

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