Crude Oil Rises From Lowest Level in a Week

- November 24th, 2010

Bloomberg reports that Oil rose from the lowest level in a week after the U.S. economy grew more than previously estimated in the third quarter.

Bloomberg reports that Oil rose from the lowest level in a week after the U.S. economy grew more than previously estimated in the third quarter.

The market news is quoted as saying:

Crude reversed earlier declines as the dollar weakened against the euro, making commodities priced in the U.S. currency cheaper for investors. Oil has dropped 7.9 percent after reaching its highest level this year on Nov. 11, prompting futures purchases.

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