Oil settles above $101 a barrel

AP News
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Posted: May 25, 2011 3:55 PM
Oil settles above $101 a barrel

Oil climbed above $101 per barrel Wednesday as investors cheered a sharp rise in refining activity in the U.S.

Here's a breakdown of how energy contracts traded.

On the New York Mercantile Exchange:

Crude rose $1.73 to settle at $101.32 per barrel.

Gasoline gained 2.87 cents to settle at $2.9867 per gallon.

Heating oil picked up 7.1 cents to settle at $2.9923 per gallon.

Natural gas was up 3.2 cents to settle at $4.423 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude rose $2.40 to settle at $114.93 per barrel.