Oil price up on expectations for economic stimulus

July 27, 2012 

NEW YORK (AP) - The price of oil climbed for a fourth day on expectations of more efforts to fix the global economy.

On the New York Mercantile Exchange:

Benchmark crude rose 74 cents to finish at $90.13 per barrel.

Gasoline rose 7.4 cents to end the week at $2.8878 per gallon.

Heating oil rose 2.1 cents to finish at $2.8895 per gallon.

Natural gas fell by 9.5 cents to end at $3.01 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose $1.21 to end at $106.47 per barrel.

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