NEW YORK, Jan. 5 (UPI) -- February delivery crude oil resumed an upward trend Wednesday, prices rising above $90 per barrel in New York after a two-day retreat from a two-year high.
Commodities fell soundly in the previous trading session as traders returned from vacations and reset their positions. The two-year peak, at $92.58 on the New York Mercantile Exchange, was not exactly an anomaly, given the 6 percent price rise in December. But it was supported by two-weeks of light trading before and following the Christmas holiday.