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.

“P…

Cold Weather Drives Oil to Highest Price Since 2008

Oil rose to the highest price in more than two years as cold weather in the U.S. and Europe stoked demand.

U.S crude prices for January rose as high as $90.46 a barrel, the highest since Oct. 2008, Reuters reported.

Temperatures in northwest Europe…