Oil tops $97 per barrel on hope for economic aid
NEW YORK (AP) — The price of oil rose Tuesday ahead of a meeting this week where the Federal Reserve may decide to take additional steps to promote economic growth.
On the New York Mercantile Exchange:
Benchmark crude rose 63 cents to end at $97.17 per barrel.
Heating oil increased 1.89 cents to end at $3.1857 per gallon.
Wholesale gasoline gained 1.95 cents to end at $3.0435 per gallon.
Natural gas was up 18 cents to end at $2.992 per 1,000 cubic feet.
On the ICE futures exchange in London:
Brent crude increased 59 cents to finish at $115.40 per barrel.