Economy

Oil above $97 following solid European data

By Pablo Gorondi
Published December 16, 2013 5:00am ET
Add Washington Examiner on Google
Oil above $97 following solid European data
Wholesale gasoline rose 4.09 cents to $2.6847 a gallon, according to trading on the New York Mercantile Exchange. (Thinkstock Image) | kurga

The price of oil rose above $97 a barrel Monday, supported by a survey pointing to a modest economic pick-up in Europe and the continued closure of export terminals in Libya.

By early afternoon in Europe, benchmark U.S. crude for January delivery was up 73 cents to $97.33 a barrel in electronic trading on the New York Mercantile Exchange.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Associated Press Europe Federal Reserve Oil