The Canadian Press - ONLINE EDITION

Oil above US$102 a barrel as report shows rising demand for gasoline

  • Print

The price of oil climbed above $102 a barrel Wednesday on signs of increased demand for gasoline just ahead of the summer driving season.

Benchmark West Texas Intermediate crude for June delivery added 67 cents to US$102.37 a barrel on the New York Mercantile Exchange. Brent crude, an international benchmark, gained 77 cents to US$109.31 a barrel on the ICE Futures exchange in London.

Oil prices were supported by a report from the U.S. Energy Department that showed demand for gasoline over the four weeks ended May 9 averaged 8.8 million barrels, up 3.2 per cent from the same period a year ago.

In other energy futures trading on the Nymex, wholesale gasoline gained four cents to US$2.97 a U.S. gallon (3.79 litres), heating oil rose two cents to US$2.96 a gallon and natural gas added one cent to US$4.37 per 1,000 cubic feet.

(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS), (TSX:CVE)

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Soca and Reggae Festival and Weekend Weather

View more like this

Photo Store Gallery

  • Marc Gallant / Winnipeg Free Press.  Local/Standup- Morning Fog. Horse prances in field by McPhillips Road, north of Winnipeg. 060605.
  • Ruth Bonneville Winnipeg Free Press January 18, 2011 Local Standup -

View More Gallery Photos

Poll

What's your take on a report that shows violent crime is decreasing in Winnipeg?

View Results

View Related Story

Ads by Google