Oil rebound from the lowest price in 12 years with the rise of the stock

New York, Jan. 21 (Reuters) - A recovery in oil prices go up more than $ a barrel, the lowest level in 12 years on Thursday registered the biggest daily gains this year, given the rise of the financial markets for some traders to bet on lower prices justified for sale in order to profit-taking in centers City record.
US crude came back and climb towards $ 30 a barrel where fueled hopes of further monetary easing in Europe markets rebound European and American stock.
Prices were not affected by US data showing an increase exceeded expectations in crude and gasoline stocks, which reached record highs. Instead, the report sparked buying among traders who were fearful of the worst numbers.
But no one expects a quick recovery from the decline of the year, which exceeded 25 percent amid pressure from the worsening oversupply and signs of economic weakness in China's second-largest oil consumer in the world.
Jin said Mkgillian analyst at Tradhn Energy in Stamford, Connecticut, "the fundamental factors are still weak and there are still concerns about economic growth and its impact on demand for fuel."
Futures rose for the benchmark Brent crude for March delivery March of $ 1.37 is determined to settle at $ 29.25 a barrel, up 4.9 percent. US crude rose 1.18 dollars to settle on a determined rise of 4.2 percent at $ 29.53 a barrel.
Brent rose seven percent during the session to $ 29.84 and increased WTI 6.7 percent to $ 30.25.
(Preparation Ahmed Inspirational Arab Bulletin)