Oil hovers below $103 amid improving US economy

Oil hovers below $103 amid improving US economy Oil prices hovered below $103 a barrel Wednesday in Asia as investors eyed signs of an improving U.S. economy. Benchmark crude for February delivery fell 33 cents to $102.63 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract jumped $4.13 to settle at $102.96 in New York on Tuesday. In London, Brent crude was down 16 cents at $111.97 a barrel on the ICE Futures exchange. Crude... Read More