Tuesday, 21 February 2012

Crude Advances Near $105 In Asian Session

The price of crude oil was extending gains in Asian session Tuesday as risk appetite improved after euro zone finance ministers gave a green signal to a second rescue package for Greece.

Light Sweet Crude Oil (WTI) futures for March delivery, gained $1.69 to $104.93 a barrel. Last week, oil ended at a nine-month high, on some upbeat U.S. economic data and the possibility of a resolution to the Greek sovereign debt problem.

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