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Oil prices climb on German confidence, US earnings

anonymous Wrote: Apr 26, 2012 10:24 AM
too much wrong! I was thinking Obama would push oil price down to ge reelected. Darn those free markets and capitalism, cant control those pesky things. Maybe the invisble hand of competition will prove to true Americans that Obama is a loser for us and the economy.

Encouraging news about business confidence in Germany helped drive oil prices higher Friday. It was a respite from persistent worries about weaker energy demand as Europe's debt crisis still hangs in the air.

Benchmark U.S. crude rose 78 cents to finish at $103.05 per barrel in New York, while Brent crude added 76 cents to end at $118.76 in London.

In Germany, the biggest economy in the European Union, a key survey found that business confidence improved in April from March, the sixth straight month it rose. The survey showed confidence was up not only for current conditions, but for the next six...