Benchmark oil price rises above $102 per barrel

AP News
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Posted: Jan 10, 2012 3:20 PM
Benchmark oil price rises above $102 per barrel

Oil prices climbed Tuesday on expectations that China's economy _ and its appetite for petroleum _ will continue to grow in 2012. Here's how energy prices traded.

On the New York Mercantile Exchange:

Crude rose 93 cents to finish at $102.24 per barrel.

Gasoline rose by 1.38 cents to end at $2.7728 per gallon.

Heating oil rose by 2.84 cents to finish at $3.1014 per gallon.

Natural gas fell by 7 cents to end at $2.9410 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 83 cents to finish at $113.28 per barrel.