Norway Sees No Krone Volatility Exit as Oil Crowds Economy

Norway’s government won’t do anything to address exchange rate volatility and is instead urging exporters to adapt their businesses to market swings.

WTI Oil Rises to One-Month High on Cyprus

West Texas Intermediate crude rose to a one-month high as Cyprus agreed with creditors on a bailout, reducing concern that Europe’s debt crisis will deepen.

Oil Rises on China Stimulus Speculation and Spain Budget

Oil advanced from an eight-week low on speculation China’s government will bolster stimulus efforts and as Spain’s cabinet met to approve a 2013 austerity budget.

Crude Declines for Fifth Time in Six Days

Oil dropped for the fifth time in six days as discord over the handling of Europe’s debt crisis and a decline in German business sentiment renewed concern that the European crisis will reduce oil demand.