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Oil Rises to Three-Month High on Possible New Leaders in Europe
Nov. 07, 2011 11:46AM PST
Oil and Gas InvestingBusiness Week reported that crude oil surged to a three-month high on hopes of new leadership in Italy and Greece.
Business Week reported that crude oil surged to a three-month high on hopes of new leadership in Italy and Greece.
As quoted in the market news:
Crude oil for December delivery rose 52 cents, or 0.6 percent, to $94.78 a barrel at 1:39 p.m. on the New York Mercantile Exchange. The contract reached $95.66, the highest intraday price since Aug. 2. Futures are up 9.1 percent from a year earlier.
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