Oil Rises $1.12 Due to Greek Debt Swap

Bloomberg reported that oil surged $1.12 due to a Greek debt swap.

As quoted in the market news:

Crude oil for April delivery rose $1.12, or 1.1 percent, to $105.82 a barrel at 2:09 p.m. on the New York Mercantile Exchange. Prices are up 7.1 percent this year.

Click here to read the full Bloomberg report.