Oil rose to its highest price since Jan. 12 in New York. Crude for February delivery on the New York Mercantile Exchange gained as much as 78 cents, or 0.8 percent, to $101.49 a barrel and was at $101.40 at 10:19 a.m.Oil rose to its highest price since Jan. 12 in New York. Crude for February delivery on the New York Mercantile Exchange gained as much as 78 cents, or 0.8 percent, to $101.49 a barrel and was at $101.40 at 10:19 a.m.