Last Updated : February 10, 2012 14:20
Crude oil gains on Greek agreement on austerity measures
Oil futures finished higher Thursday after Greece's leadership agreed to a new austerity plan, boosting confidence that the euro zone is taking steps toward resolving its debt crisis.
Worries about Greek's debt crisis have roiled the oil market for months because of fears that it could rend apart the euro zone, thus damaging the broader global economy, curbing demand for Crude Oil and squelching investors' appetite for such risky assets as commodities.
Courtesy: Edelweiss Comtrade Limited Research
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NCDEX COPPERCATHODEJUNE2012 29 June 2012
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