Oil price jumps more than 3 percent

AP News
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Posted: Dec 20, 2011 3:51 PM
Oil price jumps more than 3 percent

Oil prices soared on promising economic news out of Europe and the U.S. Here's how energy contracts traded Tuesday.

On the New York Mercantile Exchange:

Crude rose $3.34, or 3.6 percent, to finish at $97.22 per barrel.

Gasoline rose 8.96 cents to end at $2.5787 per gallon.

Heating oil: rose 6.9 cents to finish at $2.8494 per gallon.

Natural gas rose 3.2 cents to end at $3.128 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose $3.09 to finish the day at $106.73 per barrel.