Oil Nears 26-Month High as Retail Sales Gain

- December 28th, 2010

Bloomberg reports that Oil traded near a 26-month high after a report showed U.S. retailers had their best holiday sales in five years.

Bloomberg reports that Oil traded near a 26-month high after a report showed U.S. retailers had their best holiday sales in five years.

The market news is quoted as saying:

Oil advanced after MasterCard reported holiday sales rose 5.5 percent to $584 billion from Nov. 5 through Dec. 24, compared with 4.1 percent a year earlier.

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