Crude oil prices remained depressed over the weekend, climbing off of a recent low under $85 per barrel.
Prices were set back Friday after a Labor Department report that said the U.S. unemployment rate rose in October.
The employment report was decidedly a mixed message, with the unemployment rate rising in a month that posted the highest number of private, non-farm jobs added to the economy in eight months. But it still did not add up to a strong recovery and oil prices slipped on the expectation that demand would not make up for recent estimations of an overly full world supply.
West Texas Intermediate crude oil for December delivery added 49 cents Monday morning to $85.35 per barrel on the New York Mercantile Exchange.
Reformulated gasoline added 1.61 cents to $2.5897 a gallon. Home heating oil gained 1.17 cents to hit $2.9591 a gallon.
Natural gas added 2.5 cents to reach $3.579 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.47, down from Thursday's $3.575, AAA reported.
Most Popular Stories
- Cantwell Targets Gender Gap in Small-Business Loans
- Chrysler Gets Nod as a Top Employer for Hispanic Women
- Hispanic Entrepreneurs Set Pace in Florida
- Health-care Deal Aids Port Contract Talks
- FBI Probes JPMorgan Hack
- South Korea's Kia to Invest $1 Billion in Mexico
- Perry's Lawyers Try to Close Abuse Case
- Mario Lopez Inks New Clear Channel Deal
- What's the Law for Kids at Gun Ranges?
- Apple Loses Bid to Block Sales of 9 Samsung Phones