Oil Price to Move Higher

By International Business Times,  November 26, 2012, 07:16:45 AM EDT

Oil traded flat Monday as desperate hopes for Greece to avoid a near-term bankruptcy brightened the outlook for oil demand from Europe, while violent protests in Egypt reignited supply concern.

The Euro Politicians are yet again due to try to hammer out a deal to get international lenders to release emergency aid to Greece before its next debt repayments.

German Chancellor Angela Merkel said she was confident a deal could be reached, while the French finance minister said an agreement was close.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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