Oil extends gains above $107

The price of oil rose Monday, according to AP. Benchmark oil for September delivery was up 14 cents to $107.60 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 13 cents to close at $107.46 on Friday. Brent crude, which is used to price imported crude used by many U.S. refineries, rose 6 cents to $110.46 per barrel for October delivery. In other energy futures trading: - Heating oil rose was up 0.2 cent at $3.092 per gallon. - Wholesale gasoline rose 1 cent to $2.856 a gallon. - Natural gas rose 5.6 cents to $3.424 per 1,000 cubic feet.