Oil Rises From 2-Week Low on U.S. Supply, German Business Data

Bloomberg reported that oil prices rallied from a two-week low as US stockpiles were depleted.

As quoted in the market news:

Crude for January delivery rose as much as $1.14 to $97.31 a barrel in electronic trading on the New York Mercantile Exchange. It finished the session at $97.03. Prices have gained 6.2 percent this year.

Click here to read the full Bloomberg report.