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10Jan/120

Benchmark oil price rises above $102 per barrel (AP)

The Douglas Channel, the proposed termination point for an oil pipeline from Alberta is seen at sunset in Kitimat, B.C., on Monday Jan. 9, 2012. Public hearings begin Tuesday for the proposed $5.5-billion project to pipe Alberta oil 1,200-kilometres across Alberta and British Columbia to the northwest coast community of Kitimat, where the oil will be shipped overseas by oil tankers. (AP Photo/The Canadian Press, Darryl Dyck)AP - Oil prices climbed Tuesday on expectations that China's economy — and its appetite for petroleum — will continue to grow in 2012.

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