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Market Update Archive: 
Oil Lifts Europe
Jan 16, 12:29 PM EST
Oil climbed on political tension in Iran and Nigeria. London Brent rose to $63.18 a barrel. Gold hit a 25-year high. The dollar gained vs. the yen.
Asian-Pacific markets closed mixed on weak dollar and tech stocks. The biggest decliner was Shanghai Composite, down 1.5%, followed by the Nikkei, down 1.14% to 16,268.03. Markets in South Korea and Taiwan advanced. European averages closed in the positive, supported by oil stocks and mergers and acqusitions. The leading advancer was the German DAX 30, up 0.6%.
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