Natural gas prices rise on Obama, colder weather

AP News
|
Posted: Mar 30, 2011 4:46 PM
Natural gas prices rise on Obama, colder weather

Natural gas prices climbed on Wednesday as President Barack Obama said he wanted the U.S. to use more of it instead of foreign oil. Colder weather also pushed up prices.

Here's how energy contracts traded.

On the New York Mercantile Exchange:

Benchmark West Texas Intermediate crude fell 52 cents to settle at $114.27 per barrel;

Heating oil fell less than a penny to settle at $3.0534 per gallon;

Gasoline futures added 1.37 cents to settle at $3.0573 per gallon;

Natural gas gained 9.2 cents to settle at $4.355 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude lost a penny to settle at $114.95 per barrel.