Oil rises on improved US, China manufacturing

AP News
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Posted: May 01, 2012 4:12 PM
Oil rises on improved US, China manufacturing

Oil prices rose Tuesday after growth in the U.S. and Chinese manufacturing sectors signaled more demand for energy products. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Benchmark crude rose $1.29 to end at $106.16 per barrel.

Gasoline fell 2.75 cents to end at $3.0971 per gallon.

Heating oil fell 0.71 cent to end at $3.1771 per gallon.

Natural gas rose 8.6 cents to end at $2.371 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 19 cents to end at $119.66 per barrel.