Oil settles above $95 a barrel

AP News
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Posted: Jun 22, 2011 3:03 PM
Oil settles above $95 a barrel

Oil prices rose Wednesday after the Federal Reserve acknowledged that U.S. economic growth has slowed but should pick up again soon. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude rose $1.24 to settle at $95.41 per barrel.

Gasoline gained 9.07 cents to settle at $2.9733 a gallon.

Heating oil picked up 6.49 cents to settle at $2.9549 a gallon.

Natural gas fell 7.1 cents to settle at $4.317 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude rose $3.26, almost 3 percent, to settle at $114.21 per barrel.