LONDON (Reuters) - Oil rose above $62 a barrel on Monday, mirroring gains in equities, as investors became confident there would be no further substantial price loss in the run-up to the new year.
Opponents of fracking rally outside the Empire State Plaza Convention Center before Gov. Andrew Cuomo's State of the State address in January in Albany.
Oil rose for a second day, extending the biggest rally since October 2012 after Saudi Arabia said it was confident that crude will rebound as world economic growth boosts demand.
SEOUL - South Korea on Monday trimmed its economic growth forecast for 2015 to 3.8 percent from 4.0 percent as it vowed to continue expansionary policies aimed at spurring domestic consumption.
Kori nuclear power plant in Ulsan, South Korea The dome-type Advanced Power Reactor 1400 reactors at the Kori nuclear power plant in Ulsan, South Korea, on Feb. 5, 2013 Kyodo/AP.