Oil price rises on encouraging economy news

AP News
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Posted: Nov 02, 2011 3:45 PM
Oil price rises on encouraging economy news

The price of oil rose Wednesday with investors focusing on upbeat news about the U.S. economy.

Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude rose 32 cents to end at $92.51 per barrel.

Gasoline was virtually flat, finishing at $2.6272 per gallon.

Heating oil fell 3.72 cents to end at $3.0007 per gallon.

Natural gas lost 3.2 cents to finish at $3.749 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude lost 20 cents to end at $109.34 per barrel.