Crude Oil Rises as Much as 0.8% in New York to $51.18 a Barrel

By Nesa Subrahmaniyan

Nov. 26 (Bloomberg) -- Crude oil rose as much as 0.8 percent to $51.18 a barrel in New York after falling more than $3 a barrel yesterday

Crude oil for January delivery traded at $51.11 at 8:53 a.m. Singapore time on the New York Mercantile Exchange. Futures have dropped 65 percent since reaching a record $147.27 on July 11. Yesterday, the contract declined $3.73, or 6.8 percent, to settle at $50.77 a barrel.

To contact the reporter on this story: Nesa Subrahmaniyan in Singapore at nesas@bloomberg.net.