Markets

Brent Responds to Fiscal Cliff Negotiations

Brent crude oil traded at $108.29 on Monday morning as the U.S. fiscal cliff negotiations moved one step closer to a compromise.

The commodity was bolstered by the latest news of progress between Democrats and Republicans in Washington. President Barack Obama responded to a proposal by Republican Speaker of the House John Boehner on Monday, giving the public hope that the two parties would soon reach an agreement.

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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.

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