Bloomberg News

Brent Oil Rises in London Trading on Report of Greek Aid Deal

February 20, 2012

Feb. 21 (Bloomberg) -- Brent oil rose as much as 35 cents, or 0.3 percent, to $120.40 a barrel after a European Union official said euro-area finance ministers reached agreement on a second bailout package for Greece. Futures for April settlement were at $120.33 a barrel on the London-based ICE Futures Europe exchange at 11:13 p.m. Singapore time, after earlier dropping as much as 45 cents.

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