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- Oil rose
Oil rose
West Texas
Intermediate crude rose to a two-month high on a report showing that fewer
Americans than projected filed applications for unemployment benefits.
Futures
climbed as much as 0.4 percent.
WTI for
February delivery rose 24 cents to $99.46 a barrel at 11:09 a.m. on the New
York Mercantile Exchange. The contract touched $99.65, the highest price since
Oct. 22. The volume of all futures traded was 83 percent below the 100-day average.
Prices have advanced 8.3 percent in 2013, set for the fourth annual gain in
five years.
Brent for
February settlement fell 1 cent to $111.89 a barrel on the London-based ICE
Futures Europe exchange. The volume of all futures traded was 85 percent lower
than the 100-day average. The European benchmark grade traded at a $12.43
premium to WTI, down from $12.83 on Dec. 24.
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