Bloomberg News

Oil Rises 1.1% to $105.06 in London as ECB Weighs Bond Purchases

September 26, 2011

Sept. 26 (Bloomberg) -- Oil rose as much as 1.1 percent in London, and reversed losses in New York, on speculation that the European Central Bank may restart bond purchases to alleviate the region’s debt crisis. Brent futures climbed as high as $105.06 a barrel.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: John Buckley at johnbuckley@bloomberg.net


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