Oil Rises 2.6% on Greek Bailout Deal

Bloomberg reported that oil surged 2.6 percent as Eurozone’s finance ministers agreed on Greece’s bailout package and Iran stopped selling its oil to France and Britain.

As quoted in the market news:

Oil for March delivery gained $2.63, or 2.6 percent, to $105.87 a barrel at 1:39 p.m. on the New York Mercantile Exchange.

Click here to read the full Bloomberg report.