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Oil price flirts with $100 a barrel again
November 29, 2011 - 12:15 PM
NEW YORK (AP) — Oil prices are flirting with $100 per barrel again after a private survey found that American consumer confidence rose this month to the highest level since July.
Benchmark crude on Tuesday rose 90 cents to $99.11 per barrel in New York. The price was as high as $99.79 earlier in the day. Brent crude rose $1.18 to $109.20 a barrel in London.
Oil climbed with stocks, as investors were more encouraged about the global economy and energy demand.
European leaders continued to work on a last-minute strategy to save the euro and prevent a eurozone collapse that could send the region into recession.
At the pump, retail gasoline prices were steady at a national average of $3.295 per gallon.
(Copyright 2011 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
