Crude oil up to near $95 on China central bank credit action and upgraded demand forecast

  • by: PABLO GORONDI , Associated Press
  • Updated: January 21, 2014 - 7:55 AM

The price of oil crept up toward $95 a barrel Tuesday after China's central bank injected credit into the financial system to offset concerns about slower economic growth, and experts raised their forecast for global crude demand.

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