Brent crude rises, hits record annual average for 2012

NEW YORK (Reuters) - Brent crude rose on Monday, closing 2012 up for the fourth straight year after geopolitical threats to production offset worries about flagging oil demand. As oil prices edged higher on optimism about a positive outcome to the U.S. budget negotiations, Brent closed the year averaging over $111 a barrel, the highest annual average on record. The international benchmark gained ...