Euro helps oil to rise from 4 month low

Oil rose Tuesday from a dive to a four-month low in the previous session as the euro gained against the dollar ahead of a confidence vote in Greece aimed at avoiding a messy default of its sovereign debt. US crude for July delivery rose $1.10 to $94.36 a barrel by 1156 GMT. On Monday, it hit $91.14, its lowest level since late February. The contract expired late Monday night. ICE Brent rose 81 cents to $112.50, having fallen in the previous four sessions. "The market has been supported today by the euro," said Mark Thomas, broker Marex's head of energy Europe. Article continues below Global investors kept a close eye on a parliamentary confidence vote for Greek Prime Minister George Papandreou, a step towards the passage of more spending cuts in exchange for foreign loans.