The oil price rose to USD101.75 per barrel Tuesday, its highest level since 7 December, after the promotion in the last six sessions, the longest string of gains since November 2010.The trade volume is expected to be thin, even after the Christmas break and run to the end of the holiday of the year, irregularly low liquidity and volatility.
Italy had planned, tickets for € 9,000,000 € 2.5 billion six months to sell in two years of zero-coupon bonds at the end of the day. The country 8.5 billion auction of long-term debt maturing in 2014-2022 on Thursday.
The answer to the auction is an indicator of whether the government's obligations in difficulty will be bought by European banks after the injection of cash from the European Central Bank last week.
Before the auction, the yield of 10 years in Italy, bonds are near the threshold of 7%, a level considered sustainable in the long term suspended.
The euro-zone dominated trade in the oil market in recent months, amid fears that the crisis of the national debt a broader economic slowdown reduced demand for oil could cause.
