Oil rose to the highest price in more than two years as cold weather in the U.S. and Europe stoked demand.
U.S crude prices for January rose as high as $90.46 a barrel, the highest since Oct. 2008, Reuters reported.
Temperatures in northwest Europe are expected to stay below seasonal norms for the next 10 days, raising demand for heating oil and prompting utilities to use their oil-fired power…
Continue reading Cold Weather Drives Oil to Highest Price Since 2008
Cold Weather Drives Oil to Highest Price Since 2008 originally appeared on DailyFinance on Tue, 07 Dec 2010 08:18:00.
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