Oil ends higher after gov't boosts price outlook

AP News
|
Posted: Dec 06, 2011 3:55 PM
Oil ends higher after gov't boosts price outlook

Oil prices climbed above $101 per barrel Tuesday after the government boosted its price forecast for crude.

Here's how energy prices traded.

On the New York Mercantile Exchange:

Benchmark crude rose 29 cents to end at $101.28 per barrel.

Gasoline rose 3.17 cents to finish at $2.6454 per gallon.

Heating oil rose 2.93 cents to end at $3.0217 per gallon.

Natural gas rose 2.6 cents to finish at $3.4870 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 98 cents to end at $110.51 per barrel.