Oil Rises After Recent Losses

The Wall Street Journal reported that oil rose after falling for five sessions in a row, partially as a result of better-than-expected economic data out of the United Kingdom and affirmation that the Federal Reserve plans to continue its loose monetary policy.

As quoted in the market news:

Front-month oil futures on the New York Mercantile Exchange for December delivery were trading at $86.32 per barrel, up 59 cents or 0.7%. Brent futures were up 84 cents to $108.69 per barrel.

Click here to read the full report from The Wall Street Journal.