China Bumps Up Gas Prices, Oil Producers Surge

Markets in Asia were mixed Wednesday. In Hong Kong the Hang Seng Index inched up 0.2% to 23,045 and in China the Shanghai Composite Index slid 0.9% to 2,878. Japan’s Nikkei 225 Index lost 0.2% to end the day at 10,346.
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Oil Prices Rise on Cold Weather in Europe, U.S.

Oil prices gained Monday morning as expectations of cold weather in the U.S. and Europe raised demand.

U.S. crude for January delivery rose 15 cents to $88.20 a barrel at 7:48 GMT, Reuters reported. ICE Brent for February rose 13 cents to $91.80.

“P…