Oil Rises to 12-Week High After Demand Signs Trigger Bull Market

Bloomberg reported that oil inched up trading at the highest in 12 weeks after U.S. demand signs and Europe’s agreement over resolving the debt crisis bolstered the market.

As quoted in the market news:

A report today may show U.S. consumer confidence rose a second month, while European leaders are scheduled to meet tomorrow to decide on a blueprint to tame the region’s debt problems. Mexican crude output may be curbed by Hurricane Rina.

Click here to read the full Bloomberg report