Oil Reaches Above $117 a Barrel Ahead of European Central Bank Meeting

Reuters reported that oil rose above $117 per barrel Thursday even before the European Central Bank meeting that could confirm rumors the euro zone’s economy may have neared its lowest point.

As quoted in the market news:

March Brent futures were trading up 55 cents at $117.28 per barrel at 0917 GMT, the highest level since mid- September, while U.S. crude added 15 cents to $96.77.

Click here to read the full Reuters report.