FX & CFD trading involves significant risk
West Texas Intermediate crude rose to a two-month high on a report showing that fewer Americans than projected filed applications for unemployment benefits.
climbed as much as 0.4 percent.
WTI for February delivery rose 24 cents to $99.46 a barrel at 11:09 a.m. on the New York Mercantile Exchange. The contract touched $99.65, the highest price since Oct. 22. The volume of all futures traded was 83 percent below the 100-day average. Prices have advanced 8.3 percent in 2013, set for the fourth annual gain in five years.
Brent for February settlement fell 1 cent to $111.89 a barrel on the London-based ICE Futures Europe exchange. The volume of all futures traded was 85 percent lower than the 100-day average. The European benchmark grade traded at a $12.43 premium to WTI, down from $12.83 on Dec. 24.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.