Oil Prices Rising
By: Big 2 News Staff
Updated: January 14, 2013
Crude oil prices jumped 10% over the last month.
It rose on several factors, including a Saudi production cut, the Fiscal Cliff resolution and the reversal of a key pipeline running between Oklahoma and the Gulf Coast.
But analysts expect the gains will be short-lived.
Taking oil's lead, gas prices have begun to rise too.
Triple-A says prices at the pump are up almost a dime a gallon from December lows.
Fortunately for motorists, analysts don't expect the recent gains to continue.
It rose on several factors, including a Saudi production cut, the Fiscal Cliff resolution and the reversal of a key pipeline running between Oklahoma and the Gulf Coast.
But analysts expect the gains will be short-lived.
Taking oil's lead, gas prices have begun to rise too.
Triple-A says prices at the pump are up almost a dime a gallon from December lows.
Fortunately for motorists, analysts don't expect the recent gains to continue.
