11 June 2012 04:28 [Source: ICIS news]
SINGAPORE (ICIS)--Crude prices rose by more than $2/bbl in early Asian trade on Monday on easing concerns about the eurozone debt crisis, after Spain secured up to €100bn ($125bn) bailout package for its banks.
At 02:34 GMT, July WTI was trading at $86.04, up $1.94/bbl from the previous close. Earlier, the ?xml:namespace>
Meanwhile, July Brent was trading at $101.60/bbl, an increase of $2.13/bbl from the previous settlement. Earlier, the
Eurozone finance ministers agreed on 9 June to provide
The larger-than-expected bailout package boosted hopes that the eurozone is acting to remedy its debt crisis, which has weighed heavily on the global oil markets.
($1 = €0.80)
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