Updated on
Summary
Oil traded near $82 per barrel a 14-month high in Asian trading. Light sweet crude for February delivery traded at $81.89 a barrel in Singapore. London Brent crude closed at $80.61. Oil is at 14-month high level as an industry report showed a decline in U.S. crude stockpiles and cold weather bolstered the outlook for fuel demand in the worlds largest energy-consuming nation.
