Oil Rebounds 0.6 Percent

- February 6th, 2012

Bloomberg reported that oil rose 0.6 percent on speculation over international creditor’s decision on a bailout for Greece.

Bloomberg reported that oil rose 0.6 percent on speculation over international creditor’s decision on a bailout for Greece.

As quoted in the market news:

Oil for March delivery gained as much as 53 cents to $97.44 a barrel in electronic trading on the New York Mercantile Exchange and was at $97.36 at 1:15 p.m. Sydney time.

Click here to read the full Bloomberg report.

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