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Oil rose to the highest level in three months as exports from China accelerated in December and European Central Bank President Mario Draghi said “a gradual recovery should start” in the region this year.
advanced as much as 1.7 percent after
Chinese December exports exceeded the 5 percent median forecast in a Bloomberg survey of 40 economists. Exports for all of 2012 rose 7.9 percent, according to the Beijing-based General Administration of Customs. The country’s December trade surplus almost doubled from a year earlier to $31.6 billion.
gained as the euro surged against the dollar on Draghi’s remarks. The euro rose
as much as 1.2 percent against the dollar on Draghi’s remarks and as
Oil also gained as
Crude oil for February delivery gained to $94.70, the highest intraday level since Sept. 19.
for February settlement increased 44 cents, or 0.4 percent, to $112.20 a barrel
on the London-based ICE Futures Europe exchange. Volume was 75 percent above
the 100-day average. Brent’s premium to
|remaining time till the new event being published|
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