Berlusconi rumours drive oil higher
Oil prices approach three-month high as traders hope for changed leaders in troubled European countries
Oil traded near a three-month high in New York as the prospect of new leadership at Europe’s most financially hard-hit countries allayed fears that the region’s debt crisis will damage the economy.
Futures rebounded from a 1.1 percent loss after a former spokesman for Italian Prime Minister Silvio Berlusconi said that the premier may step down within “hours” and push for early elections.
Greek Prime Minister George Papandreou agreed to leave office to ...
