Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S.
State gas prices rose last week and reached an average of $2.66 per gallon of regular fuel on Monday, up from last week’s price of $2.58 per gallon, according to the U.S. Energy Information Administration.
Curious Minds Corner
What is the oldest continuously producing oil field in the world?
The oldest continuously producing oil field is the Baku oil field in Azerbaijan, which started production in 1871.