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- Oil rose
Oil rose
West Texas
Intermediate crude rose to a six-week high on projections of a second
consecutive drop in
Futures
climbed as much as 1.4 percent in
WTI for
January delivery rose 51 cents, or 0.5 percent, to $97.85 a barrel at 11:06
a.m. on the New York Mercantile Exchange. The contract touched $98.74, the
highest level since Oct. 28. The volume of all futures traded was 5.1 percent
above the 100-day average.
Brent for
January settlement slipped 73 cents, or 0.7 percent, to $108.66 a barrel on the
London-based ICE Futures Europe exchange. The volume of all futures traded was
57 percent higher than the 100-day average.
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