Bloomberg News

Oil Climbs From Four-Week Low in New York; Brent Crude Advances

January 16, 2012

Jan. 16 (Bloomberg) -- Oil for February delivery rose as much as 0.6 percent to $99.30 a barrel in New York. The contract was at $99.22 in electronic trading on the New York Mercantile Exchange at 3:13 p.m. in Singapore.

Prices slumped 2.8 percent last week to the lowest in almost four weeks.

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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