Oil Prices Continued To Rise over Venezuela Threats

Oil futures rose on Monday, extending last week's late gains, as Venezuela threatened to halt oil exports to the United States and bomb alerts shut down one of Britain's largest gas fields.

U.S. light crude for March delivery rose 25 cents to $92.02 a barrel by 0512 GMT, partially eroding earlier gains. It had risen as high as $92.71 a barrel in early trade, matching its recent January 30 peak, the highest point since January 15.