Oil Up Modestly, Scores Three-Session Win: Report
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 Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.