Crude oil up as winter approaches

Crude oil prices were higher again on Thursday, with demand higher as cold winter weather set in over parts of the country. Brent crude for January delivery added 93 cents to trade at $64 per barrel, while January contracts for West Texas Intermediate crude were 49 cents higher to $62.96 per barrel. Analysts said that oil prices could conceivably return to the vicinity of $70 per barrel.