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."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.