Oil Rises 12 Cents

Bloomberg reported that oil rose 12 cents on hopes that further changes will boost the economy in the US and Europe.

As quoted in the market news:

Crude for September delivery was at $90.25 a barrel, up 12 cents, in electronic trading on the New York Mercantile Exchange at 3:04 p.m. Singapore time. It earlier advanced as much as 82 cents, or 0.9 percent, to $90.95 a barrel. The contract climbed 0.8 percent to $90.13 on July 27 for a fourth day of gains and the highest close since July 20. Prices are up 6.2 percent this month.

Click here to read the full Bloomberg report.