Energy

The Associated Press reported that oil prices rose 3 percent due to encouraging economic news from Europe and the U.S.

The Associated Press reported that oil prices rose 3 percent due to encouraging economic news from Europe and the U.S.

As quoted in the market news:

Benchmark crude on Tuesday rose $3.34, or 3.6 percent, to end the day at $97.22 per barrel in New York. Brent crude, which is used to price foreign oil that’s imported by many U.S. refineries, rose $3.09, or 3 percent, to finish at $106.73 per barrel in London.

Click here to read the full The Associated Press report.

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