Oil Rises to More Than $102 a Barrel

Oil rose past $102 a barrel in early trading Tuesday, its highest level in three weeks, as a leak shut a pipeline carrying crude to a U.S. storage hub, Bloomberg reported.

Light sweet crude futures rose to $102.03 in early New York Mercantile Exchange trading, from Friday’s closing price of $100.59. The Nymex was closed Monday for Memorial Day.

Oil last finished a trading day over $102 on May 10, when they closed at $103.88 a barrel, according to Bloomberg records.

Calgary, Alberta-based TransCanada closed its 600,000 barrel-per-day Keystone pipeline after a leak caused a 40-barrel leak at a pump station, Bloomberg reported.

Diesel and gasoline pump prices have declined the past few weeks along with dropping crude prices.

The Department of Energy will release its weekly survey of filling stations Tuesday afternoon in Washington, a day later than usual due to the holiday Monday.