Oil Prices Up on Nearing Cold Weather

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Oil prices rose above $59 a barrel Friday, buoyed by natural gas futures surging on forecasts of colder weather.


Light sweet crude futures for January delivery gained 85 cents to settle at $59.32 a barrel on the New York Mercantile Exchange. Natural-gas futures soared 90.4 cents to settle at $13.931 per million British thermal units. Heating oil rose more than 3 cents to settle at $1.7720 a gallon, and gasoline advanced nearly 5 cents to settle Friday at $1.6113.


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