Oil Up Modestly, Scores Three-Session Win: Report

By Midnight Trader,  December 03, 2012, 03:07:05 PM EDT

Oil futures finished higher Monday to score gains for a third session in a row, with some economic data pointing to better prospects for demand, MarketWatch reported. But prices only saw a slight gain as U.S. political wrangling on the fiscal cliff of spending cuts and tax hikes wore on.

January crude oil rose 18 cents, or 0.2%, to settle at $89.09 a barrel on the New York Mercantile Exchange after gaining 2.8% in the past two sessions.

Prices on Monday touched an intraday high above $90.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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