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Oil Prices Rise Above $60 On Petroleum Report |
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1:06 PM EST December 29 2005 |
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Crude oil prices rose above $60 a barrel after oil inventory report showed an increase in oil inventories but a decline in gasoline and distillate fuels stockpiles. Light sweet crude for February delivery gained 38 cents to $60.15 a barrel on the Nymex. Gasoline rose 5 cents to $1.64 a gallon and heating oil edged up to $1.7025. Natural gas declined 2 cents to $11.66 per 1,000 cubic feet. |
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