Oil Advances $1.33

Reuters reported that oil advanced $1.33 to end at $88.43 a barrel.

As quoted in the market news:

U.S. August crude pushed up $1.33 to settle at $88.43 a barrel, above the U.S. front-month crude 50-day moving average of $87.21, after trading from $86.41 to $88.48.

Click here to read the full Reuters report.