NEW YORK (AP) - Oil is climbing on positive economic news for the U.S. and Europe.
Benchmark crude rose $2.71, or 3 percent, at $92.90 per barrel in New York on Thursday. Brent crude rose $2.67, or 2.5 percent, to $111.58 in London.
Prices soared after European leaders announced an agreement to reduce Greece's debt and head off a default. In the U.S., the government said the economy grew at an annual rate of 2.5 percent in the July-September quarter.