Oil rises on expectations for economic stimulus
NEW YORK (AP) — The price of oil climbed for a fourth day on expectations of more efforts by government officials and central bankers to help the global economy.
China is planning to pump billions of dollars into housing projects and other infrastructure to support its construction industry. The European Central Bank hinted that more support could be in the works for Europe's debt-ridden nations, while the leaders of Germany and France vowed to do everything they can to keep the eurozone intact.
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