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Oil rises to near $87 a barrel

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Oil rises to near $87 a barrel
Submitted by Fox First at Ten on November 16th

By The Associated Press

Oil prices rose on Friday as investors monitored the fighting between Israel and militants in Gaza, and the effect it might have on oil supplies.

On the New York Mercantile Exchange:

Benchmark crude rose $1.05 to finish at $86.92 per barrel.

Gasoline rose 1.39 cents to end at $2.7101 a gallon.

Heating oil rose 1.33 cents to finish at $2.9868 a gallon.

Natural gas rose 8.3 cents to end at $3.9040 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 94 cents to finish the day at $108.95 per barrel.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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