Oil price rises on housing outlook

A brighter outlook for US homebuilders and rising industrial production pushed the price of oil higher Tuesday for the fifth straight day.

Benchmark US crude added 79 cents to end the day at $89.22 per barrel in New York. Brent crude, which is used to set the price of oil imported into the U.S., rose by 63 cents to end at $104 per barrel in London. (AP)