Oil near $102 amid easing liquidity concerns, Canada floods

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Source: Reuters
© Scanpix\Reuters
Oil advanced to $102 per barrel on Tuesday, recovering from the lowest level in three weeks, as investors fears about a cash crunch in China and as Canadian pipeline closure threatened overseas sales to the United States. Brent crude rallied to $101.80 per barrel, following a decline to the lowest level in three weeks of $99.67 yesterday. U.S. oil jumped to $95.78.
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Tue, 25 Jun 2013 12:16:12 GMT

Spanish and Italian bonds gain

Spanish and Italian bonds gained for the first time in four days on bets the ECB will keep its monetary policy even though U.S. talked about winding down its stimulus. Spanish 10-year yields fell 10 basis points to 5.02% as of 10:56 a.m. in London, after reaching 5.13%, the highest in approximately three months, while similar-maturity Italian bonds dropped five

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