AP News

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.

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