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Oil ends higher, near $91 a barrel

Associated Press

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The price of oil rose sharply on higher U.S. home prices and hopes of a budget deal in Washington.


On the New York Mercantile Exchange:


n Benchmark crude rose $2.37 to finish at $90.98 per barrel.


n Gasoline rose 6.52 cents to end at $2.8158 a gallon.


n Heating oil rose 4.91 cents to finish at $3.0513 a gallon.


n Natural gas rose 4.6 cents to end at $3.3920 per 1,000 cubic feet.


On the ICE Futures exchange in London, Brent crude rose $2.27 to finish the day at $111.07 per barrel.


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