Oil Dips Below $78 In International Market

Tuesday, March 2, 2010 at 2:15 pm

Oil dips below $78 as the US oil reserves go up in the international markets.
US crude for April delivery rose 11 cents to $78.81 a barrel, while London ICE Brent climbed 13 cents to $77.02.
A 5 percent rise in US oil reserves caused decline in oil prices in the international markets.