Markets

Market Chatter: Oil Rises to Three-Month High as China Exports Accelerate

"Oil rose to the highest level in three months as exports from China accelerated in December and European Central Bank President Mario Draghi said a gradual recovery should start in the region this year," Bloomberg reported.

It said: "Crude oil for February delivery gained 86 cents, or 0.9%, to $93.96 a barrel on the New York Mercantile Exchange after climbing to $94.70, the highest intraday level since Sept. 19. Brent oil for February settlement increased 44 cents, or 0.4%, to $112.20 a barrel on the London-based ICE Futures Europe exchange."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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