Oil prices climbed above $98 per barrel Monday after shoppers pumped up holiday retail sales in the U.S., and investors bet that Europe would find a last-minute solution to its financial crisis.
Here's how energy prices traded.
On the New York Mercantile Exchange:
Benchmark crude rose $1.44 to end the day at $98.21 per barrel.
Gasoline rose 6.92 cents to finish at $2.5181 per gallon.
Heating oil rose 4.26 cents to end at $2.9699 per gallon.
Natural gas lost 17.8 cents to finish at $3.364 per 1,000 cubic feet.
On the ICE Futures exchange in London:
Brent crude rose $2.26 to end at $108.02 per barrel.
