At a glance: Oil jumps as US averts 'fiscal cliff'

Published on NewsOK Modified: January 2, 2013 at 2:45 pm •  Published: January 2, 2013
Advertisement
;

The price of oil jumped Wednesday on the first day of trading in the New Year, following stocks higher after Washington averted the dreaded "fiscal cliff."

On the New York Mercantile Exchange:

— Benchmark crude rose $1.30 to finish at $93.12 a barrel.

— Wholesale gasoline rose 3 cents to end at $2.80 a gallon.

— Heating oil added a penny to finish at $3.05 a gallon.

— Natural gas fell 12 cents to end at $3.23 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude, used to price various kinds of international oil, finished up $1.36 at $112.47 a barrel.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Former OU coach Sunny Golloway goes off at Auburn
  2. 2
    Chelsea Clinton Is Pregnant
  3. 3
    Tulsa World: Missouri’s Frank Haith positioned to become TU’s basketball coach
  4. 4
    Oklahoma football: Peyton Manning stops by Sooners film session
  5. 5
    VIDEO: A look at the Air Jordan XX9 in Thunder colors
+ show more