SINGAPORE (Reuters) - Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year.
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.
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.
SINGAPORE/SHANGHAI (Reuters) - China's Xiaomi [XTC.UL] is raising over a $1 billion from investors including Singapore sovereign wealth fund GIC that would value the smartphone maker at over $45 billion, a person familiar with the deal said.
Two Chinese ministers offered support for Russia as the latter seeks to shore up support for the ruble without depleting its foreign-exchange reserves.