Oil Rises as U.S. Service Industries Expand by Most Since 2006

Crude oil rose after reports showed that U.S. service industries expanded and companies added workers in December, signaling that fuel demand will increase in the world’s biggest oil-consuming country.

Futures climbed 1 percent after the Institute for Supply Management’s non-factory index, which covers about 90 percent of the economy, advanced to 57.1. Oil dropped to a two-week low earlier today as the Dollar Index strengthened, curbing the appeal of commodities as an investment.