Oil Rises as Leading Indicators Index Gains by Most in 8 Months

Crude oil rose as the index of U.S. leading economic indicators increased in November by the most in eight months, a signal that the recovery will strengthen next year and boost fuel demand.

Oil gained 0.4 percent on the U.S. report and one that showed German business confidence unexpectedly climbed to a record in December. U.S. fuel consumption jumped 6.5 percent in November from a year earlier, according to a report today from the American Petroleum Institute.