Crude oil futures were higher on Tuesday, as optimism following news of bailout deal for Cyprus continued to support sentiment, although comments by Eurogroup head Jeroen Dijsselbloem limited gains.
On the New York Mercantile Exchange, light sweet crude futures for delivery in May traded at USD94.98 a barrel during European morning trade, up 0.18%.
Dijsselbloem said on Monday that the rescue program agreed for Cyprus represents a new model for resolving euro zone banking problems and other countries may have to restructure their banking sectors.
On the New York Mercantile Exchange, light sweet crude futures for delivery in May traded at USD94.98 a barrel during European morning trade, up 0.18%.
Dijsselbloem said on Monday that the rescue program agreed for Cyprus represents a new model for resolving euro zone banking problems and other countries may have to restructure their banking sectors.
