Oil rises on concerns about Libya and supplies

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The Associated Press
Monday, March 21, 2011; 3:22 PM

NEW YORK -- Oil prices climbed Monday as energy experts warned that Libya's oil exports could be off the world market longer than expected, and countries including the U.S. enforced a no-fly zone over Libya.

Here's a breakdown of how energy prices traded on the New York Mercantile Exchange:

Crude: climbed $1.26 to settle at $102.33 per barrel;

Heating Oil: gained 2.82 cents to settle at $3.0525 per gallon;

Gasoline: added 4.8 cents to settle at $2.9974 per gallon;

Natural Gas: lost less than a penny to settle at $4.161 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent Crude: added $1.14 to settle at $114.91 per barrel on the ICE Futures Exchange.


© 2011 The Associated Press

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