"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Oil rises above $105 amid improving US economy
Submitted by painkilleraz on Wed, 2012-03-07 13:11
in
Oil prices rose above $105 a barrel Wednesday amid expectations that an improving U.S. economy will eventually boost crude demand.
By early afternoon in Europe, benchmark oil for April delivery was up 40 cents to $105.10 in electronic trading on the New York Mercantile Exchange. The contract fell $2.02 to settle at $104.70 per barrel in New York on Tuesday.
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