Oil tops $83 per barrel ahead of key OPEC meeting

AP News
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Posted: Jun 12, 2012 4:03 PM
Oil tops $83 per barrel ahead of key OPEC meeting

Oil prices rose Tuesday ahead of an OPEC meeting that could become a showdown between Saudi Arabia and Iran over how much oil the organization is producing.

On the New York Mercantile Exchange:

Benchmark crude rose 62 cents to finish at $83.32 per barrel.

Heating oil fell 1.42 cents to end at $2.6215 per gallon.

Gasoline fell 0.64 cent to finish at $2.6502 per gallon.

Natural gas rose 1.4 cents to end at $2.232 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell 86 cents to end at $97.14 per barrel.