Oil rises on U.S. budget optimism

Note: This section contains information in English only.
Source: News Xinhuanet
Oil rose on Tuesday on confidence the U.S. will reach compromise on the country's budget, easing concerns of looming ‘fiscal cliff' in the world's largest crude consumer's economy. Light, sweet crude for January settlement was at 87.93 dollars a barrel, up 73 cents or 0.84%. Brent for February delivery was up 1.20 dollars or 1.11% at 108.84 dollars a barrel. 
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