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Oil prices bounce as cold US, EU weather buoys demand - Reuters
Reuters | Oil prices bounce as cold US, EU weather buoys demand Reuters SINGAPORE Oil prices rose for a second session on Friday, moving further away from 12-year lows plumbed earlier this week, as cold U.S. and European weather as well as firmer financial markets gave traders reason to cash in on record short positions. US oil settles up $1.18, or 4.2%, at $29.53 a barrel Oil Prices Notch Biggest Percentage Gains Since October MarketsCrude oil volatility may be here to stay |
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