MW: Oil remains higher after consumer confidence data
By Moming Zhou
NEW YORK (MarketWatch) -- Crude futures remained higher Wednesday after an index from Reuters/University of Michigan showed consumer confidence was unexpectedly revised lower this month and new-home sales plunged in November. Crude for February delivery rose 1.4% to $75.46 a barrel on the New York Mercantile Exchange. In other commodities, gold was slightly higher, with the February contract up 0.1% at $1,087.60 an ounce.
