Oil price up $1.07, $79.25 in London, in New York to $80.87 (+1.19)

As of March 3rd, the IPE Brent Crude February futures contract rose to $79.25 (+1.07) a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude gained $1.19, to $80.87 on the New York Mercantile Exchange.