Crude oil price climb to the hundred dollar mark

Rising for the third consecutive session, oil prices ended the previous week at the hundred dollar mark, benefiting from improved risk appetite following the latest bail-out plan for Greece. The euro is receiving strong support as a result of the EU deal. The US weekly initial jobless claims totaled 418,000, recording little improvement in the US job market. A survey by the Philadelphia Federal Reserve Bank on manufacturing and the US leading indicators show economic expansion, but at a sluggish pace.
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