Oil Rises on U.S. Consumer Confidence, Iran Inspections

http://www.bloomberg.com/news/2012-05-25/oil-fluctuates-amid-euro-bond-speculation-ample-u-s-sto.html

Oil rose on reports showing that U.S. consumer confidence gained and the United Nations’ atomic agency found evidence Iran boosted its output of enriched uranium that could be used for a nuclear weapon.

Iran almost doubled its supply of 20 percent-enriched uranium, to 145 kilograms (320 pounds) since February, the International Atomic Energy Agency said today in a restricted 11-page report seen by Bloomberg.