Brent rises above $110
Brent crude oil rose above $110 a barrel on Wednesday after two sessions of losses, as investors switched their focus from fears of a US fiscal crisis to hopes that growth in top energy consumer China will pick up sooner than expected.
Brent crude futures rose above $112 on Tuesday, recouping some of the previous session's fall of more than $2, while concerns over Europe slipping into a recession and hurting oil demand growth capped the gains.