Oil prices hovered above $78 a barrel Friday amid a weaker dollar and mixed signals about global crude demand.
By early afternoon in Europe, benchmark crude for April delivery was up 14 cents to $78.31 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.83 to settle at $78.17. Oil prices have bobbed between $70 and $80 for most of the last six months as investors mull growing crude demand in developing countries such as China offset by flagging consumption in developed countries.
Full Story: Oil hovers above $78 amid mixed crude demand signs - Forbes
By early afternoon in Europe, benchmark crude for April delivery was up 14 cents to $78.31 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.83 to settle at $78.17. Oil prices have bobbed between $70 and $80 for most of the last six months as investors mull growing crude demand in developing countries such as China offset by flagging consumption in developed countries.
Full Story: Oil hovers above $78 amid mixed crude demand signs - Forbes
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