Oil Gains 1.9 Percent on Europe Optimism

Bloomberg reported that oil futures gained 1.9 percent as Greece expressed that debt resolving talks hare moving towards positive direction.

As quoted in the market news:

Crude for March delivery gained as much as $1.91 to $100.69 a barrel in electronic trading on the New York Mercantile Exchange. It was at $100.17 at 12:13 p.m. London time.

Click here to read the full Bloomberg report.