Oil rises on concerns about Libya and supplies

AP News
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Posted: Mar 21, 2011 3:22 PM
Oil rises on concerns about Libya and supplies

Oil prices climbed Monday as energy experts warned that Libya's oil exports could be off the world market longer than expected, and countries including the U.S. enforced a no-fly zone over Libya.

Here's a breakdown of how energy prices traded on the New York Mercantile Exchange:

Crude: climbed $1.26 to settle at $102.33 per barrel;

Heating Oil: gained 2.82 cents to settle at $3.0525 per gallon;

Gasoline: added 4.8 cents to settle at $2.9974 per gallon;

Natural Gas: lost less than a penny to settle at $4.161 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent Crude: added $1.14 to settle at $114.91 per barrel on the ICE Futures Exchange.