Originally published Tuesday, August 14, 2012 at 12:35 PM
Oil price rises above $93 a barrel
The price of oil closed higher Tuesday, holding on stubbornly to recent gains and causing pain at the pump for U.S. drivers as the national average for gasoline topped $3.70 a gallon for the first time since May.
The Associated Press
The price of oil closed higher Tuesday, holding on stubbornly to recent gains and causing pain at the pump for U.S. drivers as the national average for gasoline topped $3.70 a gallon for the first time since May.
On the New York Stock Exchange:
Benchmark crude rose 70 cents to end at $93.43 a barrel.
Wholesale gasoline rose 1.07 cents to finish at $3.0014 a gallon.
Heating oil rose 1.63 cents to end at $3.0346 a gallon.
Natural gas rose 10.5 cents to finish at $2.8340 per 1,000 cubic feet.
On the ICE Futures exchange in London:
Brent crude rose 43 cents to end at $114.03 a barrel.
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