Oil rises above $104 after Spain debt sale

Oil prices rose to near $104 a barrel Tuesday after a successful Spanish debt sale eased fears over Europe's debt crisis and investors look to U.S. earnings for signs of health in consumer spending.

Benchmark oil for May delivery was up 76 cents to $103.69 a barrel by late morning European time in electronic trading on the New York Mercantile Exchange. The contract rose 10 cents to settle at $102.93 in New York on Monday.

Brent crude for June delivery was up 24 cents at $118.92 per barrel in London.

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