Crude oil prices extended the gaining streak for the second straight session on Thursday as investors cheered reports that Greek PM Papandreou abandoned the plan for a referendum against Europe’s recent rescue package, easing concerns that the nation would default on its debt. The fuel prices also got a lift from encouraging US economic reports indicating a fall in unemployment claims fell and rising factory orders. Sentiments got further underpinned by an unexpected interest-rate cut by the European Central Bank.Benchmark crude for December delivery surged $1.56, or 1.69% to settle at $94.07 a barrel on, after trading as high as $94.61 and as low as $90.87 on the New York Mercantile Exchange. In London, Brent crude for December delivery soared $1.49 to $110.83 a barrel, on the ICE Futures exchange.
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