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    Oil Rises on Outlook for European Economy

    Investing News Network
    Dec. 13, 2011 11:36AM PST
    Resource Investing

    Bloomberg reported that oil surged on hopes of investor confidence in Germany and a debt sale in Spain.

    Bloomberg reported that oil surged on hopes of investor confidence in Germany and a debt sale in Spain.

    As quoted in the market news:

    Crude for January delivery on the New York Mercantile Exchange rose as much as 88 cents to $98.65 a barrel and was at $98.45 at 1:36 p.m. in London.

    Click here to read the full Bloomberg report.

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