Oil prices briefly hit $90 on stronger US demand

AP News
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Posted: Jul 18, 2012 3:40 PM
Oil prices briefly hit $90 on stronger US demand

The price of oil briefly hit $90 per barrel on Wednesday for the first time since May after the government said U.S. oil demand is on the rise.

On the New York Mercantile Exchange:

Crude rose by 65 cents to end the day at $89.87 per barrel.

Gasoline increased by 3.84 cents to finish at $2.8834 per gallon.

Heating oil rose by 3.54 cents to end at $2.8776 per gallon.

Natural gas rose by 17.7 cents to end at $2.9730 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose by $1.16 to end at $105.16 per barrel.