The price of oil rose to near $87 a barrel on Monday, boosted by expanding exports in Germany and higher growth in electricity consumption and industrial production in China.
By early afternoon in Europe, benchmark crude for January delivery was up 79 cents to $86.72 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 33 cents to finish at $85.93 per barrel on Friday.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
