March 08, 2012 at 18:34 PM EST
Greek Progress, Iran Tensions Boost Crude Oil
Crude oil futures rose for a second day on Thursday as investors cheered progress on Greece's bond swap deal, which moved the beleaguered country nearer to unlocking funds it needs to avoid default. Tensions between Iran and the West over Tehran's nuclear ambitions provided further support. U.S. data showed unemployment benefit claims rose last week, but not enough to change the outlook that the labor market was growing stronger. That view helped
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