Brent crude tops $61 per barrel

Colder weather said to be on the way sent crude oil prices up on Tuesday. Heating oil prices were also sent higher as forecasters predicted cold weather for the east coast of the United States. Prices were also sent higher as it seemed as if China is planning on bringing its strategic reserves higher while costs remain relatively low.

Brent crude January contracts were 69 cents higher to $61.11 per barrel, while January deliveries of West Texas Intermediate crude added 56 cents to $60.88 per barrel on the New York Mercantile Exchange.