Oil settles below $98

AP News
|
Posted: May 23, 2011 4:44 PM
Oil settles below $98

Oil dropped more than 2 percent Monday as the dollar strengthened. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell $2.40 to settle at $97.70 per barrel.

Gasoline gained 0.23 cent to settle at $2.9381 a gallon.

Heating oil gave up 7.12 cents to settle at $2.8471 a gallon.

Natural gas rose 10.3 cents to settle at $4.393 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude dropped $2.29 to settle at $110.10 per barrel.