Oil Rises From Three-Day Low as Greece Passes Austerity Measures - Businessweek: "Feb. 13 (Bloomberg) -- Oil rebounded from a three-day low in New York after Greece’s parliament approved austerity measures to secure an international bailout, easing concern Europe’s debt crisis will worsen and curb fuel demand.
Futures climbed as much as 1 percent after 199 lawmakers supported the bill in a roll-call vote shown live on state-run Vouli TV, against 74 who opposed it. The measures were needed for a 130 billion-euro ($172 billion) aid package, Greece’s second since May 2010. Oil may extend gains after companies controlling more than 100 supertankers said they would stop loading cargoes from Iran, tightening sanctions on OPEC’s second-biggest producer."
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