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Commodities Briefing - Categorized | Oil, Price Watch more

Oil rises to highest in almost four months as equities rally

Posted on 27 March 2009

From Bloomberg: Crude oil rose to the highest in almost four months and gasoline gained as the U.S. stock market advanced, signaling that fuel demand will increase.

Oil climbed 3 percent as equities rallied on better-than- estimated earnings at Best Buy Co. and ConAgra Foods Inc. The average price of gasoline at the pump rose to $2 a gallon for the first time since November as U.S. supplies fell…..Full Article: Source


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