Crude Oil Climbs After U.S. Thanksgiving Retail Sales Surge to a Record

Bloomberg reported that oil rose after Thanksgiving retail sales reached to a record in the U.S.

As quoted in the market news:

Crude oil for January delivery increased $1.41, or 1.5 percent, to $98.18 a barrel at 1:41 p.m. on the New York Mercantile Exchange. Futures touched the highest level since Nov. 17. Prices have risen 7.4 percent this year.

Click here to read the full Bloomberg report.