Oil again flirts with $100 per barrel

AP News
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Posted: Nov 08, 2011 3:26 PM
Oil again flirts with $100 per barrel

Oil prices hit the highest level since July as a pending United Nations report on Iran's nuclear weapon ambitions raised the possibility of new trade sanctions on the oil-rich country.

Here's how energy prices traded on Tuesday.

On the New York Mercantile Exchange:

Benchmark crude rose $1.28 to end at $96.80 per barrel.

Gasoline fell 2.18 cents to finish at $2.7064 per gallon.

Heating oil lost less than a penny to end at $3.1161 per gallon.

Natural gas fell 4.9 cents to finish at $3.745 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 44 cents to finish at $115 per barrel.