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    Oil Prices Surged $1.72 on Due to a Weaker Dollar

    Investing News Network
    Jan. 26, 2012 12:40PM PST
    Oil and Gas Investing

    Bloomberg reported that oil prices surged $1.72 on due to a weaker dollar as the U.S. Federal Reserve have decided to keep interest rates low.

    Bloomberg reported that oil prices surged $1.72 on due to a weaker dollar as the U.S. Federal Reserve have decided to keep interest rates low.

    As quoted in the market news:

    U.S. crude futures were $1.72 firmer $101.12, rising for a second day.

    Click here to read the full Bloomberg report.

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