Oil rose for the first time in four days in New York after U.S. stockpiles unexpectedly declined and political leaders said they’re optimistic about a budget agreement being reached in the world’s biggest crude consumer.
Oil rose from the lowest level in almost a week after European finance ministers reached an agreement on aid for Greece, easing concern that Europe’s debt crisis will derail the economic recovery and curb fuel demand.
VietNamNet Bridge – Chinese businessmen keep trying every possible means to collect minerals in Vietnam and carry them to China, the country which is thirsty for minerals for economic development.
Oil advanced for a second day in New York after Israel said it may expand an assault on the Gaza Strip and U.S. House Speaker John Beohner signaled budget talks with President Barack Obama were constructive.
President Barack Obama Wednesday said the US has a "responsibility" to reduce greenhouse gas emissions from energy companies, motor vehicles and other sectors of the economy that scientists say are contributing to global climate change.