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Oil prices start new year with rise on expected global demand fueled by US recovery

Posted on 03 January 2014

Oil prices started the new year Thursday with a gain amid hopes for stronger demand following a 7 percent surge in 2013. Benchmark oil added 28 cents to $98.70 on the New York Mercantile Exchange.
Hopes for the solid demand in coming months are pegged to the signs of a recovery in the U.S., which is expected to help revive other major global economies. Brent crude, a benchmark used to price international crudes used by many U.S. refiners, added 28 cents to $111.08………………………………………..Full Article: Source


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