Oil prices rise, then give up gains

September 6, 2012 

Oil prices rose on Thursday but didn't hang onto strong gains from earlier in the day. Positive economic news had pushed oil above $97 per barrel, but it settled for less.

On the New York Mercantile Exchange:

Benchmark crude rose 17 cents to end at $95.53 per barrel.

Wholesale gasoline rose 4.12 cents to finish at $2.9910 per gallon.

Heating oil rose 2.49 cents to end at $3.1425 per gallon.

Natural gas fell 1.9 cents to finish at $2.7760 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose 40 cents to end at $113.49 per barrel.

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