Crude Oil Climbs Back Above $100
Crude oil futures retook the $100-a-barrel level Tuesday, one session after the near-term contract tumbled on worries about the health of the global economy following the failure of the U.S. government's
package.
West Texas intermediate crude for November delivery rose $4.55 to $100.92 a barrel in New York. Brent crude gained $4.48 to $98.46.
Elsewhere in the energy complex, reformulated gasoline advanced 11 cents to $2.50 a gallon, and heating oil was better by 11 cents at $2.87 a gallon.
Among stocks,
Exxon Mobil
(XOM) - Get Report
,
Chevron
(CVX) - Get Report
and
ConocoPhillips
(COP) - Get Report
were up more than 4%.
Valero
(VLO) - Get Report
rose 1.6%, but
Tesoro
(TSO)
eased 0.9%.
The
U.S. Oil
(USO) - Get Report
, an ETF that tracks crude prices, climbed 6%.
This article was written by a staff member of TheStreet.com.