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Oil gains on forecasts for Northeast cold spell

Published on NewsOK Modified: January 14, 2013 at 3:22 pm •  Published: January 14, 2013

With oil prices holding fairly steady, U.S. drivers could reliably gauge their costs at the pump in the year's first two weeks. The national average Monday was about $3.30 a gallon, up just a penny since Jan. 1.

Brent crude, used to price international varieties of oil, gained $1.24 to finish at $111.88 per barrel on the ICE Futures exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline rose 1 cent to end at $2.75 a gallon.

— Natural gas rose 4.6 cents to finish at $3.37 per 1,000 cubic feet, continuing a rally from late last week.


AP Business Writer Pamela Sampson in Bangkok contributed to this report.