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 1st, 2014 | John Ransom
In Other News: Mary Landrieu Connects with Millennials; Lists Parent’s Basement as Louisiana Address | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for August 28th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 27th, 2014 | John Ransom