Oil Soars to $119, Investors Regain Risk Appetite

Reuters reported that oil went up towards $119 per barrel as investors are evaluating the political situation in the Middle East and are now willing to take risks.

As quoted in the market news:

Brent crude, which expires on Wednesday, was up 58 cents at $118.71 a barrel by 1126 GMT, after settling down 77 cents on Monday.

Click here to read the Reuters report.