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Brent Crude Oil Rose Above $111 on Europe’s Debt Crisis Resolution Hopes
Jan. 19, 2012 11:02AM PST
Resource InvestingReuters reported that Brent crude oil surged above $111 on speculation that Europe’s debt crisis will soon be resolved.
Reuters reported that Brent crude oil surged above $111 on speculation that Europe’s debt crisis will soon be resolved.
As quoted in the market news:
Brent futures for March rose $1.09 to a high of $111.75 before easing back slightly to trade around $111.15 by 1400 GMT. U.S. crude oil futures for February were up 70 cents at $101.29 per barrel.