Oil
prices rebounded in Asian trade Thursday on hopes the United States
will reach a deal to avoid the fiscal cliff of tax hikes and spending
cuts that would likely tip the country back into recession. SEE MORE Oil rose for the first time in four
days in New York after U.S. stockpiles unexpectedly declined and
political leaders said they’re optimistic about a budget
agreement being reached in the world’s biggest crude consumer. SEE MORE Oil rose from the lowest level in
almost a week after European finance ministers reached an
agreement on aid for Greece, easing concern that Europe’s debt
crisis will derail the economic recovery and curb fuel demand. SEE MORE VietNamNet Bridge – Chinese businessmen keep trying every possible means to
collect minerals in Vietnam and carry them to China, the country which is
thirsty for minerals for economic development. SEE MORE Oil advanced for a second day in New
York after Israel said it may expand an assault on the Gaza Strip and U.S. House Speaker John Beohner signaled budget talks
with President Barack Obama were constructive. SEE MORE