Bloomberg News

Oil Rises a Fifth Day in New York on Central Bank Funding Action

December 01, 2011

Dec. 1 (Bloomberg) -- Oil rose for a fifth day after six central banks cut the cost of dollar funding to ease a European debt crisis that threatens economic growth. Crude for January delivery climbed as much as 45 cents, or 0.5 percent, to $100.81 a barrel in electronic trading on the New York Mercantile Exchange and was at $100.78 at 3:39 p.m. Sydney time.

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus