Brent crude oil continued to climb on Wednesday morning, trading at $108.92. Prices were lifted as U.S. lawmakers furthered their negotiation of the 2013 budget and worked to avert the upcoming 'fiscal cliff'.
Markets were lifted as news on Tuesday reported that that President Obama and Speaker of the House John Boehner were close to reaching an agreement on how to handle the nation's deficit. The two initially clashed over whether or not to tax wealthy Americans, something Obama claimed was essential and Boehner vehemently refused.
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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 Nasdaq, Inc.
