Brent crude
advanced to near its highest level in three weeks as violence in
Futures
were up as much as 0.3 percent and are poised to end the year higher for the
fifth time. Fighting in South Sudan, which exports about 220,000 barrels a day,
has killed at least 500 people and led to the evacuation of employees from
UN
Secretary General Ban Ki-moon asked the Security Council for 5,500 soldiers to
add to the peacekeeping mission of 7,000 already in
South Sudan
has sub-Saharan Africa’s biggest oil reserves after
Gasoline
stockpiles stockpiles in the
Crude
inventories are projected to have decreased by 3 million barrels, the survey
shows.
Brent for
February settlement rose as much as 34 cents to $111.90 on the London-based ICE
Futures Europe exchange and was at $111.74 as of 1:08 p.m. in
West Texas
Intermediate for February delivery was up 16 cents at $99.07 in electronic
trading on the New York Mercantile Exchange. Brent was at a premium of $12.69
to WTI. The spread widened yesterday for a fourth day to close at $13.