Oil climbs to near $99 per barrel

AP News
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Posted: May 12, 2011 3:51 PM
Oil climbs to near $99 per barrel

Oil climbed to near $99 per barrel Thursday in volatile trading as a weaker dollar offset concerns about a slowdown in world demand.

Here's how energy commodities traded on Thursday.

On the New York Mercantile Exchange:

_Benchmark crude added 76 cents to settle at $98.97 per barrel.

_Heating oil gained 1.54 cents to settle at $2.9137 per gallon.

_Gasoline futures lost 5.89 cents to settle at $3.039 per gallon.

_Natural gas climbed 1.5 cents to settle at $4.256 per 1,000 cubic feet.

On the ICE Futures exchange:

_Brent crude added 41 cents to settle at $112.98 per barrel.