West Texas Intermediate traded near the highest price since October after data showed U.S. inventories declined for a second week.
American mutual funds are scouring Europe for bargains, snapping up Dutch oil drillers, French drugmakers and Swiss food producers on speculation the region’s rally is just beginning as the U.S. bull market ages.
Tomorrow morning markets will react to the release of the November unemployment number. This release will be watched very closely as market participants look for clues for when the Fed might taper its $85 billion a month bond buying program.
Paul Volcker said he wasn’t involved with writing the final version of the rule that bears his name.