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Tuesday, June 14, 2011

Oil rises on economy news, stock market rally (AP)

NEW YORK – Oil climbed above $99 per barrel Tuesday following a better-than-expected retail sales report, a decline in the dollar and a broad rally on Wall Street.

Here's a breakdown of how energy contracts traded Tuesday:

On the New York Mercantile Exchange:

Crude added $2.07 to settle at $99.37 per barrel.

Gasoline gained 6.78 cents to settle at $3.0646 per gallon.

Heating oil rose 2 cents to settle at $3.1258 per gallon.

Natural gas fell 6.5 cents to settle at $4.581 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude rose 93 cents to settle at $119.35 per barrel.

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