Oil rises on U.S. consumer data, Iran-UK row

(Reuters) - Oil prices rose on Tuesday on a report of improved U.S. consumer confidence, an Italian bond auction attracting demand and after an attack by Iranian protesters on two British embassy compounds in Tehran.

[size=14px]"A combination of the geopolitical risks related to the Iranian situation and the positive U.S. consumer confidence data have boosted oil futures," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.[/size]

[size=14px]ICE Brent January crude up a second straight session, rose $1.82 to settle at $110.82 a barrel, a penny above the front-month Brent 200-day moving average and having reached $111.[/size][/size][size=14px]U.S. January crude rose $1.58 to settle at $99.79 a barrel, reaching $100.15, but unable to move above Monday's $100.74 high.[/size][/size][size=14px]Both crude contracts were poised to post monthly gains[/size][size=medium]

waiting for Bobbice oil

The begining of the end of the US dollar as the world reserve currency