Oil above $94 on US data, hope of EU rate cut
NEW YORK (AP) -- The price of oil rose above $94 per barrel Monday as positive U.S. economic data added to optimism for a rate cut in Europe.
Benchmark crude for June delivery gained $1.50 to finish at $94.50 a barrel in New York. Oil hadn't finished above $94 since April 10.
Are you a newspaper subscriber but you don't have a Digital Access account yet? Activate your account.
You will need your subscription account number and phone number. Not sure if you have an account? Email us or call 320-214-4364 and we can help you.