Oil Over $49 on Heating Fuel, Iraq

An explosion on of one Iraq’s main southern export pipelines, cutting
Iraqi supplies by about 40 percent, also supported prices.

U.S. light crude (CLc1: Quote,
Profile,
Research)
for January delivery rose 63 cents a barrel to $49.52 a barrel after
leaping $2.51 on Friday. In London, Brent rose 66 cents to $45.55 a
barrel.