Nicer to wake up to this news today
Lets get bck to 23c where we belong preannouncements !!
NEW YORK (CNNMoney.com) -- Oil prices extended gains Tuesday as the dollar weakened against the euro after concerns over Europe's debt crisis eased.
What prices are doing: Crude oil for April delivery rose $2.56, or 2.6%, to $73.75 a barrel. After falling nearly 8% over three consecutive sessions, crude prices rose 1% Monday to settle at $71.89.
What's moving the market: Prices were boosted by the softer dollar, which fell 1% against the euro on speculation that Europe will help Greece lower its debt.
European Central Bank president Jean-Claude Trichet reportedly will leave a meeting in Sydney early to meet with European Union leaders.
Crude oil, like other commodities, is priced in dollars, and a weaker greenback lifts prices.
The dollar gained ground against the euro last week as debt worries in Greece, Portugal and Spain threatened Europe's economic recovery.
Nicer to wake up to this news today Lets get bck to 23c where we...
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