Oil settles above $101 again

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By The Associated Press
The Associated Press
Thursday, March 17, 2011; 3:28 PM

-- Oil prices soared more than 3.5 percent, climbing back above $101 per barrel Thursday after a crackdown on protesters in Bahrain and the U.S. pressed for U.N. action against Libya's Moammar Gadhafi. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude rose $3.44 to settle at $101.42 per barrel.

Gasoline gained 10.69 cents to settle at $2.9506 a gallon.

Heating oil picked up 6.77 cents to settle at $3.0649 a gallon.

Natural gas added 22 cents to settle at $4.158 per 1,000 cubic feet.

On the ICE futures exchange:

Brent crude rose $4.21 to settle at $114.65 per barrel.


© 2011 The Associated Press

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