Oil Rises 4th Day in a Row, Tops at $93 a Barrel

Traders must be rubbing their eyes to believe the spurt in oil prices for the fourth consecutive day, to touch $93 per barrel on Tuesday, which is also incidentally the highest during this month. Oil prices have now gone up almost 3 percent in the last four trading sessions. However, much will depend on this week’s reports on U.S. oil supplies to determine if the same momentum will be maintained.

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Oil rises for 4th day, tops $93 a barrel