Reblogged from Financial Post | Business:
By Sherry Su and Rupert Rowling
Oil rebounded along with equity markets as Spanish bond prices recovered after the government met its target at a debt auction.
Futures in New York rose as much as 0.5 percent, after dropping 1.2 percent, as the cost of insuring Spain’s debt fell from a record. Greek political leaders may agree as soon as today to form a government and to seek relief from austerity measures, also helping ease concern that Europe’s debt crisis will curb fuel demand.
One Response to “Oil prices rebound as Spanish bond prices recover”