Wed, 02 Jan 2013 13:24:52 GMT
Oil poised for the highest level in three months after U.S. House introduces budget bill
Oil climbed, setting for a three-month high, as the U.S. Congress passed a Senate-approved decision that would prevent tax increases and spending cuts that endangered further growth of the U.S.A. Crude for February settlement increased to $92.85 a barrel, up $1.03, while Brent oil for February delivery climbed 83 cents, or 0.8%, to $111.94 a barrel.