Oil Jumps Over 4 Pct on European Debt Deal
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Etana [2011-10-28]
U.S. crude oil price jumped on Thursday as European leaders reached a deal to address the debt crisis.
Light, sweet crude for December delivery soared 3.76 dollars, or 4.17 percent to settle at 93.96 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery also climbed over 3 percent and last traded around 112 dollars a barrel.