Oil Gains After German Court Allows For ESM Ratification

Oil extended gains after Germany’s top constitutional court cleared the way for ratification of the European Stability Mechanism. Crude rose as much as 0.7 percent to $97.82 a barrel on the New York Mercantile Exchange.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Rachel Graham at rgraham13@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.