Thursday, July 26, 2012

Oil ends higher, near $89 a barrel

Oil prices rose Wednesday as a string of woeful economic news lifted hopes that the U.S. and other governments will move to stimulate growth.

On the New York Mercantile Exchange:

Benchmark crude rose 47 cents to finish at $88.97 per barrel.

Gasoline fell 3.19 cents to end at $2.7929 a gallon.

Heating oil rose 1.96 cents to finish at $2.8440 a gallon.

Natural gas fell 11.7 cents to end at $3.0700 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell 96 cents to finish the day at $104.38 per barrel.

Source: http://news.yahoo.com/oil-ends-higher-near-89-barrel-195518763--finance.html

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