Crude oil closes above US$103 a barrel, driven by winter demand, supply concerns

The price of oil rose above US$103 a barrel Wednesday, driven by severe winter weather in the U.S. and supply concerns. Benchmark West Texas Intermediate crude for March delivery rose 88 cents to US$103.31 a barrel ion the New York Mercantile Exchange after surging $2.13 on Tuesday. The more heavily traded April contract was up Read the Rest of the Entry