Contact Us

Oil Prices Jump More Than 3 Percent

Justin Sullivan/Getty Images

NEW YORK (AP) — Oil prices are soaring on promising economic news out of Europe and the U.S.

Benchmark crude on Tuesday rose $3.47, or 3.7 percent, to $97.52 per barrel in New York. Brent crude rose $3.40, or 3.3 percent, to $107.04 per barrel in London.

Major stock indexes were up more than 2 percent in morning trading.

Prices climbed after Germany reported that business and consumer confidence rose unexpectedly in December. Spain’s borrowing costs plummeted in a debt auction as the country promised more austerity measures to resolve its debt problems.

In the U.S. shopping malls said sales jumped last week. And the government reported a surge in apartment construction and building permits in November.

Retail gasoline prices fell by less than a penny to a national average of $3.21 per gallon.

Best of K2 Radio

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://k2radio.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for K2 Fan Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive K2 Fan Club contests, events, coupons, presales, and much more delivered to you for FREE.