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- Oil rose
Oil rose
Brent crude
halted its longest run of declines since August on concern that clashes between
Futures
rose as much as 0.7 percent, ending a five-day losing streak, amid fighting in
the city of
Brent for
February settlement rose 43 cents, or 0.4 percent, to $107.16 a barrel on the
ICE Futures Europe exchange at 10:47 a.m. in
West Texas
Intermediate crude for February delivery increased 49 cents, or 0.5 percent, to
$93.92 a barrel on New York Mercantile Exchange. The volume of all futures
traded was 16 percent lower than the 100-day average.
Brent oil,
the European benchmark grade, traded at a $13.24 premium to WTI. The spread
widened for a fifth day yesterday to close at $13.48.
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