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Crude oil ends week higher

Aug. 3, 2012 at 4:23 PM   |   Comments

NEW YORK, Aug. 3 (UPI) -- Crude oil prices rallied nearly 5 percent Friday on the New York Mercantile Exchange, lifted by a positive U.S. jobs report.

The price for crude oil added $4.27 to settle at $91.40 a barrel, the highest settlement in two weeks.

Natural gas fell 4 cents, or 1.5 percent, to end at $2.88 per million British thermal units.

Gasoline added 6 cents, or 2.1 percent, to end the session at $2.93 a gallon.

Home heating oil rose 8 cents, or 3 percent, to $2.93 a gallon.

At the pump, the national average price of unleaded gasoline jumped to $3.567 per gallon from Thursday's $3.534, AAA said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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