Nymex crude rose to US$94.5, and Brent crude rose past US$112 on hopes that political settlements in Greece and Italy could help resolve the eurozone debt crisis and minimize the chances of a further slowdown in global economic growth. Debts in Italy, which has the biggest government bond market in the eurozone amount to 120% of GDP. A financial collapse in Italy could pose a huge risk to markets. In Greece leaders set to choose who will lead a new coalition and push through a bailout before the country runs out of money in mid-December.
09-Nov-11 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}