Oil Prices Rise on Cold Weather in Europe, U.S.

Oil prices gained Monday morning as expectations of cold weather in the U.S. and Europe raised demand.

U.S. crude for January delivery rose 15 cents to $88.20 a barrel at 7:48 GMT, Reuters reported. ICE Brent for February rose 13 cents to $91.80.

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Market Ends Week at More Than Two-Year High

The markets ended the week on a high note with encouraging economic news, a surprise jump in consumer sentiment and a drop in the trade deficit, among other things. Is the Fed’s latest round of stimulus working?
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