Oil price rising on stimulus hopes

AP News
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Posted: Jul 16, 2012 3:57 PM
Oil price rising on stimulus hopes

NEW YORK (AP) — Oil prices climbed for a fourth day on hopes that the Federal Reserve will take additional steps to prop up the economy.

On the New York Mercantile Exchange:

Crude rose $1.33 to end at $88.43 per barrel.

Gasoline rose 3.86 cents to finish at $2.8547 per gallon.

Heating oil added 3.95 cents to end at $2.8277 per gallon.

Natural gas fell 7.3 cents to finish at $2.8010 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose $1.95 to finish at $103.37 per barrel.