Oil gains as Greek talks stagnate and U.S.stockpiles shrink

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/reuters
Oil fluctuated between gains and losses as eurozone's finance ministers struggled to agree on Greek debt reduction package and clashed with International Monetary Fund, and crude stockpiles contracted in the U.S. Contracts on Crude for January inched higher 4 cents to $ 86.79 a barrel in New York Mercantile Exchange. Meanwhile, Brent oil futures for January surged 11 cents to $ 109.94 a barrel on ICE Futures Europe exchange. The experts say euro-area's debt crisis will worsen and restrain demand for fuel.


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