Oil prices opened higher Monday, lifted by forecasts of a winter storm approaching the northeastern U.S. that is likely to boost demand for heating fuels in that key market.
Light sweet crude for January rose as much as 55 cents to $57.76 a barrel in electronic trading on the New York Mercantile Exchange. January Brent crude on the ICE Futures exchange in London rose 61 cents to $55.51 a barrel.
