Set Up For A Monthly Gain As Oil Futures Climb

Crude futures rose Friday, ready to finish the month with a gain as traders watched negotiations in Washington and supply risks in the Middle East, and looked for hints on demand prospects from the latest global economic data.

As quoted in market news:

We still have a distance to run regarding resolving the fiscal cliff, but the market seems to view the current negotiations as one of the likely many inevitable hiccups in the path to resolution sometime in December.

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