Oil markets rose this morning after the US Federal Reserve promised to launch new stimulus measures, easing concerns about damage to the US economy from a possible Greek default.
Brent crude rose by 1.75¢ to stand at $102.10 a barrel and US crude increased by $2.11 to $77.78 as doubts grew over the sustainability of yesterday's rise in US stocks, reports Reuters.
Investor scepticism also rose over meagre rescue efforts by European leaders to contain the region's sovereign debt crisis, prompting Asian stocks to trim earlier gains.
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