Friday, April 10, 2009

Oil Prices Rise Sharply

By: Trisha, Noelle, Kyra

On Thursday, April 9, 2009, in New York oil prices rose very significantly, showing that there are hints that energy use is way down. Traders are now focusing, not on the rising stock market but the surprising news that retailers are spending money. Benchmark Crude Oil for May delivery rose nearly 6%, which is $2.86 for the price to settle at $52.24. It shows that we might be pulling out of this recession.

Source: The Daily Sentinel / Grand Junction, Colorado

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