Crude Oil Advances in Choppy Trading After Cyprus Bailout

Reuters reported that crude oil futures went up Monday in choppy trading after the Cyprus bailout deal improved forecast for fuel demand.

As quoted in the market news:

Brent May crude rose 51 cents to settle at $108.17 a barrel, having traded from $106.80 to $109.07.

U.S. May crude rose $1.10 to settle at $94.81 a barrel, above the 50-day moving average at $94.38 and having reached $95.65 during the session.

Click here to read the full Reuters report.