Crude rose in Asia today on rumours that talks were underway to provide fresh help for the struggling Spanish economy. New York's main contract, light sweet crude for delivery in November, gained 61 cents to 93.03 dollars and Brent North Sea crude for November delivery added 48 cents to 110.51 dollars. A Financial Times report today said EU authorities were working behind the scenes to prepare the ground for a new rescue programme and unlimited bond buying by the European Central Bank for debt-hit Spain, which would be unveiled next week.
News On AIR | September 21, 2012 11:15 AM
Crude prices rise in Asia markets