Oil Increases in New York as Central Banks Boost Liquidity

Bloomberg reported that oil climbed after the Federal Reserve and five other central banks coordinated to boost liquidity and growth.

As quoted in the market news:

Crude oil for January delivery rose 96 cents, or 1 percent, to $100.75 a barrel at 12:14 p.m. on the New York Mercantile Exchange. Futures reached $101.75, the highest level since Nov. 17. Prices have gained 10 percent this year.

Click here to read the full Bloomberg report.