Oil stays near $101 a barrel; US gasoline prices slip to 3-month low

Economic Indicators Associated Press

Lacking any catalysts, the price of oil barely changed Monday. Meanwhile, gasoline prices in the U.S. slipped to three-month lows.

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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 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.

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— Heating oil gained 1 cent to $2.87 a gallon.