Oil Prices Rise Amid Weaker Dollar
Yesterday's trading session ended up with local highs set by oil prices at $103,45/b. The rally has been firm since January 9th 2014. At that time, the price found the bottom at $91,24. The prices gained $1,48/b yesterday alone.
The futures on light sweet oil have been trading within the $101,69-103,45/b range since February 18th. Today's trading session opened in the middle of the mentioned price range.
At this point, the fluctuations are taking pace around $102,20-102,30/b.