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

Reuters Middle East

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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