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Crude Above $80

 Phil Amato     Created: 10/30/2009 7:38:04 AM    Updated: 10/30/2009 7:38:55 AM
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SINGAPORE (AP) -- Oil prices have been hovering above $80 a barrel in Asia.

Benchmark crude for December delivery was up 21 cents to $80.08 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.41 to settle at $79.87 yesterday.

In other Nymex trading, heating oil rose 0.58 cent to $2.06 a gallon. Gasoline for November delivery dropped 0.40 cent to $2.02 a gallon. Natural gas for December delivery jumped 4.3 cents to settle at $5.11 per 1,000 cubic feet.

In London, Brent crude for December delivery rose 9 cents to $78.13 on the ICE Futures exchange.

 

©2009 Associated Press. All rights reserved. This material may not be published, rewritten, or redistributed.



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