Oil Prices Continue Momentum Nearing $82 per Barrel

By Jonathan
09 March 2010 @ 04:08 am EDT

Oil prices continued to move higher, moving toward $82 a barrel amid signs the global economy may be improving. Further strengthening the global economic picture, China recently announced plans to extend a stimulus package in hopes of helping the economy increase 8 percent this year. Oil has soared 18 percent since February 5, as investors become more convinced a growing global economy will boost crude demand.

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