Oil rises on expectations for more US economic aid

AP News
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Posted: Aug 22, 2012 3:34 PM
Oil rises on expectations for more US economic aid

NEW YORK (AP) — Oil prices rose Wednesday after minutes of the last Fed meeting showed many members believe that the economy could need more stimulation.

On the New York Mercantile Exchange:

Benchmark crude rose 42 cents to finish at $97.26 per barrel.

Heating oil rose 0.44 cent to finish at $3.1287 per gallon.

Gasoline gained 3.9 cents to finish at $3.1042 per gallon.

Natural gas increased 5.1 cents to finish at $2.8260 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 27 cents to finish at $114.64 per barrel.