Oil settles near $99

AP News
|
Posted: Jul 07, 2011 3:28 PM
Oil settles near $99

Oil is rising again as investors bet that the economies of many countries, including the U.S., will improve in the second half of the year. Here's how energy contracts traded on Thursday.

On the New York Mercantile Exchange:

Crude rose $2.02 to settle at $98.67 per barrel.

Gasoline gained 12.94 cents to settle at $3.1270 a gallon.

Heating oil picked up 13.87 cents to settle at $3.1020 a gallon.

Natural gas fell 8.4 cents to settle at $4.138 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude rose $4.97 to settle at $118.59 per barrel.