Oil up as China manufacturing offsets weak US data

Published on NewsOK Modified: December 3, 2012 at 2:32 pm •  Published: December 3, 2012

The price at the pump continued to fall, reaching just under $3.39 a gallon, down 3 cents in a week. The national average is still higher than the $3.28 a gallon this time last year.

Overseas, European finance ministers will hear details of a plan for Greece to reduce its heavy debt by buying some of it back at bargain prices. Brent crude, which is used to price international varieties of oil, fell 31 cents to $110.92 on the ICE Futures Exchange in London.

Other futures on the New York Mercantile Exchange:

— Heating oil fell less than a penny to end at $3.056 a gallon

— Natural gas rose 3 cents to $3.59 per 1,000 cubic feet

— Wholesale gasoline lost less than a penny to close at $2.727 a gallon.

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