Oil Rises to Two-Week High After Central Banks Boost Liquidity

Oil rose to a two-week high in New York after the Federal Reserve and five other central banks made additional funds available to ease strains from Europe’s debt crisis and as U.S. companies added more workers than projected.

Futures climbed above $100 a barrel as the central banks of the U.S., the euro region, Canada, the U.K., Japan and Switzerland cut the cost of emergency funding for European banks. Businesses added 206,000 jobs this month, the most this year, ADP Employer Services said today.