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By The Associated Press(equals)

The Dow Jones industrial average closed down 98.99 points, or 0.7 percent, at 13,251.97. The Standard & Poor's 500 index dropped 10.98 points, or 0.8 percent, to 1,435.81. The Nasdaq composite index fell 10.17, or 0.3 percent, to 3,044.36.

Benchmark crude jumped $1.58, or about 1.8 percent, to finish at $89.51 per barrel in New York. In energy futures trading Brent crude, used to price international varieties of oil, rose $1.52 to end at $110.36 per barrel in London.

Heating oil rose 4 cents to finish at $3.04 a gallon. Natural gas fell 10 cents, or 2.9 percent, to end at $3.32 per 1,000 cubic feet. Wholesale gasoline gained 5 cents to finish at $2.74 a gallon.

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 This material may not be published, broadcast, rewritten or redistributed.

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