Oil prices climbed above $99 a barrel Wednesday thanks to a weaker dollar and after a report showed U.S. crude supplies dropped more than expected, a sign that demand may be improving.
By early afternoon in Europe, benchmark oil for August delivery was up $1.18 to $99.04 a barrel in electronic trading on the New York Mercantile Exchange. Crude rose $1.57 to settle at $97.50 on Tuesday.
via forbes.com
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