Crude Futures Bolt Upward

Reformulated gasoline gains 7 cents to $2.09 a gallon.
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Crude prices surged more than $2 a barrel Thursday, settling at $82.88 in New York trading.

Reformulated gasoline gained 7 cents to $2.09 a gallon. Heating oil was up 7 cents at $2.25 a gallon. Natural gas sat out the rally, slipping almost 13 cents to $6.92 per million British thermal units.

Earlier, the Energy Information Administration said the nation's natural gas inventories rose by 74 billion cubic feet last week, a number that was right in line with estimates. That took stores to 3.21 trillion cubic feet.

Among stocks,

Exxon Mobil

(XOM) - Get Report

gained 0.7% to $92.97.

Chevron

(CVX) - Get Report

rose 1.1% to $93.51, and

ConocoPhillips

(COP) - Get Report

was up 0.8% to $87.96.