Tag: Oil Price

Oil rallies to 2016 highs, U.S. crude hits $40 on producer meeting

Thu Mar 17, 2016/Reuters By Barani Krishnan Oil prices hit 2016 highs on Thursday, with U.S. crude piercing the $40 psychological barrier, on optimism that major producers will strike an output freeze deal next month amid soaring gasoline demand in the United States. A weaker dollar .DXY after a Federal […]