Oil settles above $105

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By The Associated Press
The Associated Press
Wednesday, March 23, 2011; 4:15 PM

-- Oil prices made up for a week-long slump following the Japanese earthquake and are now trading at the highest levels since September 2008.

Here's how energy contracts traded on Wednesday.

On the New York Mercantile Exchange:

Crude rose 78 cents to settle at $105.75 per barrel.

Gasoline gained 1.68 cents to settle at $3.0213 a gallon.

Heating oil gave up 2.12 cents to settle at $3.0550 a gallon.

Natural gas added 8.1 cents to settle at $4.335 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude dropped 17 cents to settle at $115.47 per barrel.


© 2011 The Associated Press

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