Oil climbing 2.5 pct before Greek austerity vote (AP)

NEW YORK - oil climbed to more than 2% Tuesday ahead of a vote in Greece to approve difficult new financial reforms which would consolidate its economy at Bay.

Reference West Texas Intermediate acquired $2.28, or 2.5%, to settle at $92.89 per barrel Tuesday on the New York Mercantile Exchange. In London, gross Brent added $2.79 or 2.6%, to settle at $108.78 per barrel on the ICE Futures Exchange.

On its own financial problems of the Greece would not normally move global oil prices. But analysts say that if the country fails to pay its bills, his problems could spread to neighboring countries and undermine the economy of the European Union.

Reinforced of the euro against the dollar and led like oil. Oil, whose price is U.S. currency tends to increase as the dollar weakens and makes the barrels of crude cheaper for investors holding foreign funds.

Greek legislators will vote Wednesday and Thursday on a $ 40 billion austerity plan. Riots broke out in Athens Tuesday as spicy legislators new taxes, spending cuts and other reforms. The austerity plan is required for the country to receive money from rescue of the European Union and the Monetary Fund International.

Oil rose despite the weak another reading on consumer confidence in the United States, the largest consumer of oil in the world. A private research group said the consumer confidence slipped to a minimum of seven months on worries of work increased.

MasterCard SpendingPulse reported in its weekly survey that consumers purchased an average of 390.3 million litres of gas per day in the four weeks ending June 24, down 0.2 percent from the same period last year. It was the 14th consecutive decline for the average of four weeks in the MasterCard survey, based on credit card purchases.

During this time, the United States retail gasoline is passed to an average national $3.551 per gallon. A gallon of unleaded is less expensive that it was the last month, but it is always higher than the same period last year 79.5 23.9 cents cents.

In the other trade Nymex contracts in July, oil heating added 6.01 cents to settle at $2.8415 per gallon and future gasoline added 7.12 cents to settle at $2.8156 per gallon. Natural gas increased by 10.1 cents to settle at $4.357 per 1,000 cubic feet.