By: Benzinga
November 29, 2012 at 08:39 AM EST
Brent Slowly Climbs Toward $110 as US Fiscal Cliff Outlook Improves
Brent crude oil inched toward $110 on Thursday morning, trading at $109.71 at 7:48 GMT. The commodity responded to worsening tension in the Middle East and improved sentiment about the U.S. fiscal cliff, but oil demand outlook in 2013 remained a ceiling over prices. U.S. President Barack Obama made statements suggesting
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