Oil settles above $111 per barrel

AP News
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Posted: Apr 20, 2011 3:16 PM
Oil settles above $111 per barrel

Oil climbed above $111 per barrel Wednesday as the dollar weakened and the government reported an unexpected drop in U.S. crude supplies.

Here's a breakdown of how energy contracts traded Wednesday.

On the New York Mercantile Exchange:

Crude gained $3.17 to settle at $111.45 per barrel.

Heating oil added 6.29 cents to settle at $3.2214 per gallon.

Gasoline climbed 4.42 cents to settle at $3.2773 per gallon.

Natural gas added 4.8 cents to settle at $4.310 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude added $2.52 to settle at $123.85 per barrel.