Euro Plan Sends Oil Higher –

European leaders announced plans to address the debt crisis and the news was well received by investors.  U.S. and European stocks rose and crude oil increased by over 9%.  Crude oil traded at almost 85$ a barrel on Friday which was a gain of over 7$.  Gasoline also rose and increased almost 5% and natural gas rose by almost 4%.

To read a related MSN Money article, please click here:

http://money.msn.com/business-news/article.aspx?feed=AP&Date=20120629&ID=15285268&industry=IND_ENERGY&isub=

James Sutliff

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