Oil prices rose on Monday after a key Middle East oil minister suggested the market was rebalancing, but investor sentiment remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. Both benchmarks fell more than 25 percent through October and November as a supply glut inflated global inventories but have stabilized over the last three weeks, trading within fairly narrow ranges as oil producers have promised to cut production. Click read more below for additional detail.
National Average Price for Regular Unleaded Current: $2.663 Month Ago: $2.573 Year Ago: $2.914. National Average Price for Diesel Current: $3.009 Month Ago: $2.928 Year Ago: $3.256.