Oil Prices Continue Momentum Nearing $82 per Barrel
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. In addition, the Labor Department’s February jobs report, released late last week, buoyed investors by showing that the U.S. economy lost a less-than-expected 36,000 jobs last month and the unemployment rate remained unchanged at…
