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Crude Oil Jumps Over $1 |
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1:44 PM EST November 06 2006 |
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Crude oil rose over $1 as the OPEC President said the cartel might have to further reduce production and as Nigerian armed protesters shut down one of the country's oil facilities. Crude oil December contract rose $1.21 to $60.35 a barrel. Gasoline added 3 cents to $1.5375 a gallon, while heating oil rose 5 cents to $1.67295. Natural gas futures dropped 33 cents to $7.557 per 1,000 cubic feet. London Brent gained 55 cents to $59.70.
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