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    market news

    Oil Hits $100 as US Economy Slowly Improves

    Investing News Network
    Nov. 18, 2011 03:12PM PST
    Oil and Gas Investing

    Bloomberg reported that oil prices hit $100 a barrel on prospects of slow U.S. economic recovery.

    Bloomberg reported that oil prices hit $100 a barrel on prospects of slow U.S. economic recovery.

    As quoted in the market news:

    The benchmark oil price rose by 3.2 percent Wednesday alone, ending the day at $102.59 per barrel, after a Canadian pipeline company announced it would ship crude away from a key Midwest delivery point. It was the first time since July that oil rose above the $100 mark.

    Click here to read the full Bloomberg report.

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