Oil Rose $1.84 After U.S. Unemployment Benefits Claims Declined

Bloomberg reported that oil rose $1.84 after claims for U.S. unemployment benefits declined.

As quoted in the market news:

Crude for May delivery gained $1.84 to settle at $103.31 a barrel on the New York Mercantile Exchange. Prices rose 29 cents this week. The price ranged from $101.37 to $103.40.

Click here to read the full Bloomberg report.