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Oil Fluctuates as Gasoline Surges, China Raises Interest Rates
Feb. 08, 2011 10:25AM PST
Resource InvestingBloomberg reports that Oil fluctuated near a one-week low in New York as gasoline futures surged
Bloomberg reports that Oil fluctuated near a one-week low in New York as gasoline futures surged.
The market news is quoted as saying:
Oil for March delivery dropped 27 cents, or 0.3 percent, to $87.21 a barrel at 12:46 p.m. on the New York Mercantile Exchange. Futures have risen 21 percent in the past year.