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US crude up $1 after Greece passes austerity bill
US crude oil futures rose over $1 today after the Greek parliament approved a deeply unpopular austerity bill to secure a second EU/IMF bailout.
Updated on: Feb 13, 2012, 11:40:51 IST
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US crude oil futures rose over $1 on Monday after the Greek parliament approved a deeply unpopular austerity bill to secure a second EU/IMF bailout.
On the New York Mercantile Exchange, crude for March delivery gained over $1 to trade as high as $99.68 a barrel, before slipping to $99.64 as of 0526 GMT.
The Greek parliament approved the austerity bill to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country.
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