US cold, Chinese growth help lift oil above $102

By NewsOK

The price of oil closed above $102 a barrel Tuesday on expectations that cold weather in the U.S. and steady Chinese growth will underpin demand.

Benchmark U.S. crude for March delivery closed up $2.13 to $102.43 a barrel on the New York Mercantile Exchange.

At the gas pump, the average price of a gallon of gasoline is $3.37.

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