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Originally published Tuesday, July 24, 2012 at 12:28 PM

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Oil prices higher on stronger Chinese factory data

The price of oil rose slightly Tuesday on signs that China's manufacturing sector is getting stronger.

The Associated Press

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The price of oil rose slightly Tuesday on signs that China's manufacturing sector is getting stronger.

On the New York Mercantile Exchange:

Benchmark crude rose by 36 cents to end the day at $88.50 per barrel.

Gasoline fell by 5.81 cents to finish at $2.8248 per gallon.

Heating oil added less than a penny to finish at $2.8244 per gallon.

Natural gas rose 7 cents to finish at $3.1870 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 16 cents to finish at $103.42 per barrel.

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