Bloomberg News

Oil Rebounds in New York After Biggest Decline in Two Weeks

December 28, 2011

Dec. 29 (Bloomberg) -- Oil rose in New York, rebounding from the biggest decline in two weeks. Crude for February delivery gained as much as 49 cents, or 0.5 percent, to $99.85 a barrel in electronic trading on the New York Mercantile Exchange and was at $99.79 at 7:56 a.m. Singapore time.

The contract yesterday fell $1.98 to $99.36, the biggest drop since Dec. 14 and the first in seven days.

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


Coke's Big Fat Problem
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus