Oil up on US economy; heat wave lifts natural gas

Oil   Oil
By The Associated Press on June 27, 2012

NEW YORK (AP) — Upbeat U.S. economic news boosted the price of oil Wednesday, while scorching temperatures lifted natural gas to its highest level in more than five months.

Benchmark crude rose 85 cents to $80.21 per barrel in New York. Brent crude, which is used to price international varieties of oil, gained 48 cents to $93.50 per barrel in London.

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