* Euro stronger, dollar slips, lifts oil
* European/U.S. cold weather boosts oil
* Coming up: API oil data, 4:30 p.m. EST Tuesday
NEW YORK, Dec 7 (Reuters) – U.S. crude oil futures prices
rose sharply on Tuesday, pushing above $90 a barrel for the
first time in 26 months as cold weather boosting fuel demand
and the dollar’s weakness kept oil lifted.
Optimism that Ireland will pass an austerity budget on
Tuesday helped lift the euro against the dollar.
U.S. stock futures were boosted by a deal struck by U.S.
President Barack Obama with Republicans to extend Bush-era tax
breaks for two years.
Read more at Reuters.
Possibly related articles:
Tags: Economy, Media, News Item, Obama, Stock Market
Loading ...
