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    market news

    Oil Rises Above $98

    Investing News Network
    May. 24, 2011 12:44PM PST
    Resource Investing News

    SF Gate reports that on Tuesday, Oil inched up by $1 per barrel Tuesday after the dollar weakened.

    SF Gate reports that on Tuesday, Oil inched up by $1 per barrel Tuesday after the dollar weakened.

    The market news is quoted as saying:

    Oil also got a boost from reports by Goldman Sachs, J.P. Morgan and Morgan Stanley that said prices will almost certainly be higher later this year. The investment banks said the recent 15 percent drop in benchmark crude was only a brief pause in what will likely be a long-term rise to near-record levels.

    Click here to access the entire news

    market newsj.p. morgan
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