Markets

Oil Gains in Final Trading Day, But 2012's a Loser: Report

Crude oil futures rose Monday, with investors eyeing the possibility that U.S. lawmakers will craft a budget deal ahead of Monday night's deadline, MarketWatch reported.

Crude for February delivery rose $1.02, or 1.1%, to settle at $91.82 a barrel on the New York Mercantile Exchange.

Oil prices still logged their first annual loss in four years and the market faced some uncertainty in early 2013 as the U.S. economy may be hit by certain tax increases and spending cuts. For 2012, crude-oil prices fell 7.1%.

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

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