Oil rose after falling last year by the most since 2008, while U.S. stock-index futures gained. The yen weakened and silver climbed.

Crude in New York advanced 2.5 percent at 8:04 a.m. in Hong Kong following a 46 percent drop in 2014. Standard & Poor™s 500 Index futures increased 0.3 percent. Australia™s S&P/ASX 200 Index slid 0.1 percent. The yen dropped 0.1 percent against the greenback. Silver rose 1.2 percent.

The S&P 500 rallied to records last year and extended the bull market rally past 200 percent. European shares advanced a third year, while Chinese equities had the best performance since 2009 even as emerging-market shares posted the first back-to-back annual loss in 12 years. The Bloomberg Dollar Spot Index climbed 11 percent for its best performance in data going back to 2005 and Treasuries returned the most in three years.

West Texas Intermediate crude rose $1.33 to $54.60 a barrel. Silver futures for March delivery climbed to $15.78 an ounce, after tumbling 4.2 percent on the last day of the year.

Source: Bloomberg