Crude-oil futures rose in Asian trade Monday as the excessive drop in oil prices in recent weeks sparked some buying interest and short-covering among investors before the end of the year, traders said.
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.
FILE - This Feb. 14, 2013 file photo shows David Johnson posing in the kitchen of his home at his family's Apple Hills Farm in Chenango, N.Y.
BEIJING/WASHINGTON (Reuters) - China has said it opposes all forms of cyberattacks, but it stopped short of directly condemning the hacking of Sony Pictures, or of responding to U.S.
SINGAPORE/SHANGHAI (Reuters) - China's Xiaomi [XTC.UL] is raising over $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.