Oil Inched Up 2 Percent Over German Investor Confidence

Bloomberg reported that oil inched up after German investor confidence and analyst expectations rose 32.2 points in this month.

As quoted in the market news:

Crude for February delivery rose $2.01, or 2 percent, to settle at $100.71 a barrel on the New York Mercantile Exchange. Floor trading was shut yesterday for the U.S. Martin Luther King Jr. holiday. Prices have advanced 17 percent in three months.

Click here to read the full Bloomberg report.