Oil

Oil prices rising to near 2011 highs

AP News
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Posted: Feb 24, 2012 3:43 PM
Oil prices rising to near 2011 highs

Oil prices are approaching last year's highs as tensions increase over Iran's nuclear program. The rise pushed gasoline prices on Friday to a national average of $3.65 per gallon, the highest ever for this time of year. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Benchmark crude rose by $1.94 to finish at $109.77 per barrel.

Gasoline rose by 3.92 cents to end at $3.1528 per gallon.

Heating oil rose by 2.1 cents to finish at $3.3159 per gallon.

Natural gas fell by 7.1 cents to end at $2.5500 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose $1.85 to finish at $125.47 per barrel.