Crude Oil Advances above $92

Upcoming talks between Iran and world leaders this week regarding that country's disputed nuclear program resulted in mild supply side fears among investors, which brought the price of crude oil above the $92 a barrel level. Additionally, euro gains last week led to moderate risk taking in the marketplace, giving crude a slight boost. Overall the commodity was up close to $1 during European trading, peaking at $92.63. Turning to today, crude traders will want to pay attention to any announcements out of the euro-zone which have the potential to generate significant market volatility. Any signs that the current crisis in Greece could spread to other euro-zone countries, in particular Spain, could result in oil reversing yesterday's gains.

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