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Brent crude rebounds above $99 on dollar, G7 talks

yahoo.com (2 years and 1 month ago)

Jun 5, 2012

SINGAPORE (Reuters) - Brent crude prices rebounded for a second straight session on Tuesday, rising above $99 per barrel on support from a weaker dollar and hopes that the world's leading economies will take new action to tackle the euro zone's debt crisis. Brent crude for July delivery rose 37 cents to $99.22 a barrel by 12.04 a.m. EDT, adding to a 42 cent gain in the previous session. Prices on Monday briefly hit a 16 month low of $95.63... full story

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