الرئيسية
NEW YORK (AP) — Oil prices are soaring on promising economic news out of Europe and the U.S.
Benchmark
crude on Tuesday rose $3.47, or 3.7 percent, to $97.52 per barrel in
New York. Brent crude rose $3.40, or 3.3 percent, to $107.04 per barrel
in London.
Major stock indexes were up more than 2 percent in morning trading.
Prices
climbed after Germany reported that business and consumer confidence
rose unexpectedly in December. Spain's borrowing costs plummeted in a
debt auction as the country promised more austerity measures to resolve
its debt problems.
In the U.S. shopping malls said sales jumped
last week. And the government reported a surge in apartment construction
and building permits in November.
Retail gasoline prices fell by less than a penny to a national average of $3.21 per gallon.
Benchmark
crude on Tuesday rose $3.47, or 3.7 percent, to $97.52 per barrel in
New York. Brent crude rose $3.40, or 3.3 percent, to $107.04 per barrel
in London.
Major stock indexes were up more than 2 percent in morning trading.
Prices
climbed after Germany reported that business and consumer confidence
rose unexpectedly in December. Spain's borrowing costs plummeted in a
debt auction as the country promised more austerity measures to resolve
its debt problems.
In the U.S. shopping malls said sales jumped
last week. And the government reported a surge in apartment construction
and building permits in November.
Retail gasoline prices fell by less than a penny to a national average of $3.21 per gallon.