North Bergen, New Jersey 2/26/2010 11:39:08 PM
News / Business

Oil prices Bouncing Back making its way to $80 per Barrel.

Oil is Hitting the Stock Newsletters Watch List with Rapid Rebound

Oil is back on the rise inching up to $79 per barrel on Friday. U.S. gross domestic product for the fourth quarter helped revive uninspiring response. For the Latest Stock information, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

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Oil is back on the rise inching up to $79 per barrel on Friday. Dropping more than 2% the previous session, as an upward adjustment in U.S. gross domestic product for the fourth quarter helped revive uninspiring response. The U.S. economy grew faster than initially thought at 5.9 percent versus 5.7 percent in the fourth quarter, a government report showed on Friday, boosting expectations for fuel demand growth in

"The GDP number was positive and the crude market was getting a little oversold yesterday. Even with the terrible economic news earlier in the week -- consumer confidence, housing stuff -- equities have been quite resilient," said senior market strategist Richard Ilczyszyn at Lind-Waldock.

 

 

 

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