Oil trades near 2-month high on fiscal cliff talks

Source: Bloomberg
© Scanpix/Reuters
Oil traded near a two-month high as U.S. lawmakers were ready to resume negotiations to avoid ‘fiscal cliff'. Brent for February delivery declined 19 cents to $110.88 a barrel, while prices yesterday rose $2.27, or 2.1%. WTI for February settlement traded at $90.94 a barrel, and futures climbed $2.37 to $90.98 yesterday.
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Thu, 27 Dec 2012 09:56:38 GMT

Silver moves higher on weak US Dollar

Precious metals climbed in post-holiday session, being boosted by weaker US Dollar. However, safe-haven appeal of the commodity group was dampened by mounting hopes that US lawmakers will manage to avert so-called fiscal cliff. US President Barack Obama is expected to return to Washington on Thursday to participate in fiscal talks.Gold added 0.10% despite softer demand for safe-haven assets amid

Thu, 27 Dec 2012 09:34:35 GMT

Asian stocks rise before U.S. fiscal cliff talks resume

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