Oil Tops $100 a Barrel in Early Trading

Oil rose to more than $100 a barrel in early trading Wednesday, marking a fourth straight day of increases, Bloomberg reported.

Crude futures climbed almost $2 to as high as $101.64 a barrel after actions by the banks of England, Japan and Canada helped push the U.S. dollar index lower, Bloomberg said.

Oil closed at $102.59 on the New York Mercantile Exchange Nov. 16, the first time it had closed over that level since June.

Futures finished the trading day Tuesday at $99.79 a barrel on the Nymex, up $1.58 from Monday.

Diesel and gasoline prices both fell Monday in the Department of Energy’s weekly survey of filling stations.

DOE will release its weekly survey of crude, gasoline and distillate inventories Wednesday morning in Washington.