Arab Today, arab today oil jumps on us home price data
Last Updated : GMT 17:43:15
Arab Today, arab today
Arab Today, arab today

Oil jumps on US home price data

Arab Today, arab today

Arab Today, arab today Oil jumps on US home price data

New York - QNA

he price of oil climbed above $97 a barrel as home prices in the U.S. accelerated and stock markets resumed their rise toward record levels. Benchmark oil for March delivery rose $1, or 1 percent, to $97.44 a barrel around midday on the New York Mercantile Exchange. Oil hasn\'t closed above $97 in New York since Sept. 14. Oil is now up more than $5 a barrel this year. Signs of improvement in the global economy are driving the increase in oil prices. A report Tuesday showed U.S. home prices in November had the biggest year-over-year increase in six years. Brent crude, used to price international varieties of oil, rose 57 cents to $114.05 a barrel on the ICE Futures exchange in London.

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Arab Today, arab today oil jumps on us home price data Arab Today, arab today oil jumps on us home price data

 



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