Oil on the rise in the stock market

On the New York Stock Exchange Trading, oil Futures in January delivery were traded at $51.20 a barrel at the time of writing, up 0.71 percent.
Formerly traded on the session to $ per barrel. The oil was likely to find support at $49.61 and resistance at $52.42.
The Dollar Index, which tracks the performance of the U.S. dollar compared with the basket of six major currencies, recorded 0.39% for trading gains to $101.50.
In another part of the ICE, the Brent Oil for delivery in February recorded 0.35% for trading gains to $54.08 per barrel, while the spread between Brent oil and oil were $2.88 per barrel on contracts.


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