Commodities: Oil back above $94
Oil rallied Wednesday following another drop in weekly US crude supplies and on news of a huge oil spill in Norway.
US light crude for January delivery surged $4.37 to $94.39 a barrel on the New York Mercantile Exchange, its best finish in over two weeks.
US crude inventories fell by 700,000 barrels in the week to 7 December, according to the Energy Department, the fourth week in a row that stockpiles have come in easier.
Meanwhile, the Norwegian spill was put at 21,750 barrels, the second largest in the history of the world's tenth largest oil producer.
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On the metal markets, gold closed higher in response to news that major central banks will move to tackle the credit crisis with a huge injection of cash into the world's financial system.
Gold for February delivery was up $1.70 at $818.80 an ounce in New York, with the yellow metal seen supported around the $800 level, below which traders see as a buying opportunity.
Elsewhere, silver slipped a touch, platinum and palladium both rose, while copper dropped back.
