Posted AT 4:11 PM EST on 19/08/08
Oil rebounds above $114
NEW YORK — Oil prices rebounded Tuesday, jumping back above $114 (U.S.) barrel after the U.S. dollar weakened against the euro and a rally in heating oil pulled new buyers into energy markets.
Light, sweet crude for September delivery rose $1.66 to settle at $114.53 on the New York Mercantile Exchange, after alternating between positive and negative territory earlier in the day. The September contract expires Wednesday, adding to the volatility.
The full text of this article has 675 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
