Lacking any catalysts, the price of oil barely changed Monday. Meanwhile, gasoline prices in the U.S. slipped to three-month lows.
Benchmark U.S. crude for August delivery rose 8 cents at $100.91 a barrel on the New York Mercantile Exchange. The Nymex contract fell 3.1 percent last week and is down 4.3 percent so far in July. Brent crude, a benchmark for international oils, gained 45 cents to $107.71 on the ICE Futures exchange in London.
The average price for a gallon of gasoline in the U.S. is $3.61 a gallon, the lowest since April 10, according to AAA. Gas is about 4 cents cheaper than a week ago, but drivers are still paying around a penny more than at this time last year. In Texas Monday, the average was $3.455 a gallon, down from $3.459 Sunday.
In other Nymex trading:
— Wholesale gasoline added 2 cents to $2.93 a gallon.
— Natural gas was flat at $4.15 per 1,000 cubic feet.
— Heating oil gained 1 cent to $2.87 a gallon.