Brent Surge Leads Oil Higher
Posted on June 26, 2012 at 20:39 PM EDT
On the back of a sharp increase in Brent futures, oil climbed higher on Tuesday. NYMEX-traded crude for August delivery added 15 cents to close at $79.36 per barrel. In London, Brent crude surged $2.01, or 2.2%, to settle at $93.02 per barrel. A weak dollar was also supportive of oil’s gains as the PowerShares DB U. Read More --