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Oil price jumps as US averts ‘fiscal cliff’

By , on January 2nd, 2013

<!– google_ad_section_start –> The price of oil jumped by over a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a “fiscal cliff” that could have pushed the world’s biggest economy into recession. The U.S. House of Representatives voted near midnight to send the bill to President Barack Obama after a frantic day of political brinksmanship in Washington. <!– google_ad_section_end –>

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Oil price jumps as US averts ‘fiscal cliff’

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