Brent rises over $118 after Greece passes bill
2/13/2012 11:55:14 AM
SINGAPORE: Brent crude rose above $118 on Monday, supported by a weaker dollar and expectations of a revival in demand growth after Greek lawmakers approved an austerity bill to secure a second bailout.
Financial markets, from Asian shares and base metals to gold, all rose as the Greek parliament approved the bill. But investors still remain wary the violence that spread across the country may deepen the crisis as Athens still needs to announce further spending cuts.
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