Expiring U.S. January crude ends higher on budget deal hopes

NEW YORK Wed Dec 19, 2012 2:43pm EST

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NEW YORK Dec 19 (Reuters) - Expiring U.S. January crude futures rose on Wednesday on expectations that a battle over the U.S. budget will be resolved and reduce the threat of recession and of curbed demand for oil.

U.S. January crude futures rose $1.58, or 1.80 percent, to settle at $89.51 a barrel, having traded from $87.81 to $89.90. (Reporting by Robert Gibbons; Editing by Gerald E. McCormick)

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