Oil Hits 18-Month High
  • 14 years ago
Crude oil prices have climbed to an 18-month high, just over the $87 a barrel mark. Many economists are pegging the rise in oil prices as a sign that the U.S. economy is finally beginning to break out of its slump as job growth in March showed the biggest gain in three years. Fadel Gheit, senior energy analyst at Oppenheimer, provides analysis.
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