Oil Rises 2 Percent on Weaker Dollar

Bloomberg reported that oil inched up 2 percent after dollar value fell.

As quoted in the market news:

Oil for March delivery rose $1.92, or 2 percent, to $98.83 a barrel at 2:16 p.m. on the New York Mercantile Exchange after falling to $95.84. Prices erased their 2012 decline.

Click here to read the full Bloomberg report.