Oil prices rose Monday as U.S. political leaders moved toward averting the “fiscal cliff" just hours before the deadline.
President Barack Obama said Monday afternoon that a deal to avert the cliff — a series of automatic tax increases and spending cuts set to take effect starting Tuesday — was in sight but not yet finalized.
Benchmark U.S. crude rose $1.02 to finish at $91.82 per barrel in New York.
— From wire reports
