ET:Crude oil rises on labor market news, cold weather
NEW YORK: The price of oil rose Thursday as a positive report on the US labor market and more cold temperatures boosted expectations of higher demand for heating oil.
Benchmark US crude for March delivery was up 25 cents to $97.63 a barrel in afternoon trading on the New York Mercantile Exchange after earlier rising above $98.
The Labor Department said the number of people applying for US unemployment benefits declined 20,000 last week ..
