West Texas Intermediate rose from a four-month low after Spain sold more debt than planned, bolstering the euro against the dollar, and on signals that recent losses were exaggerated.

Futures in New York climbed as much as 1.7 percent and Brent oil in London rebounded from a nine-month low. Commodities advanced with the euro as Spain sold 10-year debt at the lowest yield since September 2010 and borrowing costs for governments across Europe declined. The WTI 14-day relative-strength index slid to 29.9 yesterday, a sign prices may have fallen too far.

WTI crude oil for May delivery rose to $88.14 a barrel on the New York Mercantile Exchange. The contract fell to $85.61 earlier, the least since Dec. 11. The volume of all futures traded was 47 percent above the 100-day average for the time of day.

Brent oil for June settlement advanced $1.41, or 1.4 percent, to $99.10 a barrel on the London-based ICE Futures Europe exchange. Brent touched $96.75, the lowest level since July 2. The volume of all futures traded today was 45 percent higher than the 100-day average.

Change % Change Last

GOLD 1,382.70 -4.70 -0.30%

OIL  86.68 -2.04 -2.32%