Oil rises to $92 on word of EU debt deal
Oil prices jumped above $92 a barrel Thursday in Asia after European leaders agreed on a plan to reduce Greece's debt burden.
Benchmark crude for December delivery was up $1.89 at $92.09 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $2.97, or 3.2 percent, to settle at $90.20 in New York on Wednesday.
Brent crude was up $1.27 at $110.18 a barrel on the ICE Futures Exchange in London.
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