Oil Rises in New York Trading, Heading for Monthly Advance; Brent Gains

Oil for April delivery rose as much as 30 cents, or 0.3 percent, to $106.85 a barrel in electronic trading on the New York Mercantile Exchange and was at $106.83 at 1:06 p.m. Sydney time. Prices are 8.5 percent higher this month and up 10 percent in the past year.

Brent oil for April settlement was at $122.14 a barrel, up 59 cents on the London-based ICE Futures Europe exchange.

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.