Tue, 11 Dec 2012 09:48:51 GMT
Oil trades close to 1-month low as fuel stockpiles seen increasing
Oil was close to a one-month low in New York amid speculation a report will indicate an increasing fuel stockpiles in the U.S, the world's biggest oil consumer. Crude for January settlement traded at $85.59 a barrel, up 3 cents. The contract fell 37 cents to $85.56 a day earlier, the lowest close since November 15. Brent for January delivery