Oil prices held above $71 a barrel Monday after hitting a two-month low last week, boosted by tensions over Iran's nuclear program and a cold snap in the U.S. northeast.
Oil prices rose near to $72 a barrel Monday in Asia after hitting a two-month low last week, boosted by tensions over Iran's nuclear program and persistently cold weather in the U.S. northeast.
Oil prices rebounded to over $74 a barrel Thursday amid renewed hopes about economic recovery after the Fed said the world's biggest economy was improving and President Barack Obama vowed to boost jobs.
Oil prices hovered below $83 a barrel Friday as investors looked to a key U.S. jobs report later in the day for clues about the strength of the economic recovery.
Oil prices fell below $83 a barrel Thursday as the dollar strengthened and investors worried a 20 percent rally in the last few weeks isn't justified amid sluggish U.S. crude demand.