Oil ends above $95 for first time since late July ( CL1Z ) (by Myra P. Saefong)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures closed above $95 a barrel Monday for the first time since late July, with traders focused on news out of the euro zone, where Greece's prime minister was expected to resign and Italy's prime minister is reportedly under pressure to step down. December crude oil (cl1z) climbed $1.26, or 1.3%, to finish at $95.52 a barrel on the New York Mercantile Exchange, its highest close since July 29. "Clearly, there is upward pressure toward the psychological [West Texas Intermediate] $100 per barrel" level, said Seth Rabinowitz, a partner at management consulting firm Silicon Associates. But "traders are obviously skittish from the increased daily production they're already getting word of" from Libya's new governing body, the National Transition Council, he said.