Brent crude oil rises above $107

Brent crude oil rose above $107 per barrel on Monday as fears of a euro zone break-up.

By (Reuters)

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Published: Mon 28 May 2012, 4:36 PM

Last updated: Tue 7 Apr 2015, 11:57 AM

Opinion polls suggested Greece’s pro-bailout conservatives could win elections on June 17, keeping the country in the euro zone and making a swift collapse of the currency bloc less likely.

Brent gained for the third session in a row, supported by a weaker dollar, and rose to a high of $107.93, up $1.10, by 1000 GMT. US crude oil futures also rose more than $1 to a high of $91.92.


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