Oil rises above €71 a barrel
Oil prices rose for the third day and topped $71 a barrel today, as an industry report showing a small drawdown in US crude stockpiles last week fed optimism for a recovery in energy demand.
Brent oil futures rose above $103 a barrel on Friday and are set for the first monthly rise in five months, after comments from Federal Reserve governors that the Fed is in no rush to scale back its massive bond-buying program.