The price of oil rose Wednesday as the government reported shrinking crude supplies, and some good news overseas offset concerns about political wrangling in Washington.
On the New York Mercantile Exchange:
— Benchmark crude jumped $1.58, or about 1.8 percent, to finish at $89.51 per barrel in New York.
— Heating oil rose 4 cents to end at $3.04 a gallon.
— Natural gas fell 10 cents, or 2.9 percent, to finish at $3.32 per 1,000 cubic feet after rising for two straight days.
— Wholesale gasoline gained 5 cents to end at $2.74 a gallon.
On the ICE Futures exchange in London:
— Brent crude, used to price international varieties of oil, rose $1.52 to finish at $110.36 per barrel in London.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 22nd, 2014 | John Ransom
In Other News: Bi-Partisan Agreement that Debbie Wasserman Schultz is a Horrible Person | Michael Schaus
In Other News: State Department Covers Up for Hillary – Asks IRS How to Destroy Hard-Drives | Michael Schaus