Oil Pares Decline Before European Debt-Crisis Talks; Brent Gains

Nov. 29 (Bloomberg) -- Oil pared its earlier decline in New York. Crude for January delivery was at $98.13 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 5:20 p.m. Sydney time, after earlier sliding as much as 1 percent.

Brent crude for January settlement rose 35 cents, or 0.3 percent, to $109.35 on the London-based ICE Futures Europe Exchange. European finance ministers meet today to thrash out details on how to boost the European Financial Stability Facility to tame the region’s debt crisis.

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