Oil rose for a third day as gasoline jumped to the highest level since August on speculation that refinery outages and plant closures will reduce supplies of the motor fuel.

Crude gained as much as 0.9 percent as gasoline gained after refineries in Texas and Illinois reported plant upsets or unit repairs. Prices also increased on signs that Greece is near an agreement with its creditors.

Oil for March delivery rose to $100.63 a barrel on the New York Mercantile Exchange. Prices have climbed 1.5 percent this week and 17 percent in the past year.

Brent oil for March settlement gained 56 cents, or 0.5 percent, to $111.35 a barrel on the London-based ICE Futures Europe exchange.