Oil

Oil price rises to near $84 per barrel

AP News
|
Posted: Jun 14, 2012 5:44 PM
Oil price rises to near $84 per barrel

Hopes that the Federal Reserve will do more to support the U.S. economy drove oil to its biggest gain in two months on Thursday.

On the New York Mercantile Exchange:

Benchmark crude rose $1.29 cents to finish at $83.91 per barrel.

Gasoline gained 2.1 cents to end at $2.6764 a gallon.

Heating oil increased 1.69 cents to finish at $2.6278 a gallon.

Natural gas jumped 31 cents to end at $2.495 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 45 cents to finish at $97.17 per barrel.


Recommended