Oil prices hovered above $86 a barrel Tuesday in Asia after comments from Germany that downplayed a possible plan to contain Europe’s debt crisis.
Benchmark crude for November delivery was up 10 cents at $86.48 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 42 cents to settle at $86.38 in New York on Monday.
Brent crude for December delivery was down 5 cents at $110.11 a barrel on the ICE Futures Exchange in London.
From: http://ping.fm/99I4h
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