The price of oil is rising after three straight days of declines as weekly unemployment claims in the United States fell to their lowest level in two months.
Gas prices have risen five cents in the past week. According to AAA, the average price of $3.87 per gallon is up 16 cents from a month ago and 24 cents from a year ago.
Oil is rising for a second day on the back of the Federal Reserve's aggressive plan to boost the U.S. economy. At one point oil topped $100 per barrel for the first time since May.
The price of oil is falling on an unexpectedly weak economic report from China and warnings of a further slowdown. Benchmark crude is down 53 cents to $95.87 Monday morning.
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