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

bailout

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.