Oil cracks $100 per barrel

AP News
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Posted: Feb 23, 2011 4:11 PM
Oil cracks $100 per barrel

Oil prices hit the $100 per barrel mark during Wednesday trading for the first time since 2008, as violent clashes between protesters and forces loyal to Libya's Moammar Gadhafi continued.

Here's a breakdown of how energy contracts traded:

On the New York Mercantile Exchange:

Crude: rose $2.68, or 2.8 percent, to settle at $98.10 per barrel;

Gasoline: gained 12.1 cents to settle at $2.8677 per gallon;

Heating oil: added 11.3 cents to settle at $2.9166 per gallon;

Natural gas: picked up 2.9 cents to settle at $3.936 per 1,000 cubic feet;

On the ICE futures exchange:

Brent crude: added $5.47, or 5 percent, at $111.25 per barrel.