Oil Advances as German Business Confidence Rises - 2012/02/23 21:29Hello, everyone. Crude oil advanced to its highest in more than 9 months in London after a German report showed business confidence in Europe's biggest economy rose more than economists had forecast.
Brent crude for April settlement on the ICE Futures Europe exchange in London gained as much as 79 cents, or 0.6%, to $123.69 a barrel, the highest price since May 3, and was at $123.49 at 9:07 AM local time. Oil for April delivery on the New York Mercantile Exchange was up 12 cents at $106.40, erasing an earlier loss of 0.5%.
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