Oil rises for 3rd straight day, tops $95

AP News
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Posted: Aug 16, 2012 4:20 PM
Oil rises for 3rd straight day, tops $95

Oil prices rose Thursday after hopeful news about housing permits suggested that oil demand could rise, too.

On the New York Mercantile Exchange:

Benchmark crude rose $1.27 to end at $95.60 per barrel.

Wholesale gasoline fell a fraction of a penny to finish at $3.0832 per gallon.

Heating oil rose 3.77 cents to end at $3.1229 per gallon.

Natural gas fell 2.4 cents to finish at $2.7240 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 96 cents to end at $115.27 per barrel.