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Commodities Benefit From Hopeful Economic Signs

Oil prices rose 2.7 percent on concerns about supply disruptions in the Middle East lingered as Israel escalated its bombing campaign.

Benchmark oil ended up $2.36 at $89.28 per barrel. Heating oil gained 8.83 cents to $3.0751 per gallon, gasoline futures rose 4.44 cents to $2.7545 per gallon and natural gas fell 7.1 cents to $3.719 per 1,000 cubic feet.

In other agricultural crop contracts, December wheat increased 3.75 cents to finish at $8.4175 per bushel, December corn rose 11.75 cents to $7.3875 per bushel, and January soybeans gained 11.5 cents to $13.9475 per bushel.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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