NEW YORK (AP) -- The price of oil stabilized around $106 a barrel Monday.
Benchmark oil for September delivery was up 6 cents to $106.03 a barrel in midday trading on the New York Mercantile Exchange. The contract had jumped $2.57, or 2.5 percent, on Friday, on strong industrial production data from China.
Natural gas futures were on track for the biggest one-day gain since mid-July. Natural gas was up 12 cents to $3.35 per 1,000 cubic feet (28.32 cubic meters).
Brent crude, traded on the ICE Futures exchange in London, rose 51 cents to $107.38 a barrel.