Oil prices settle above $82

Oil prices settle above $82

Oil settled above $82 on Wednesday after rising as high as $83. Prices got a bump in morning trading following the government’s weekly crude inventory report, which showed a smaller increase in supplies than expected. Prices also got some support from OPEC raising its outlook for world oil demand.

Here’s a breakdown of how energy prices traded Wednesday:

Crude: Rose 60 cents to settle at $82.09 a barrel.

Heating oil: Rose 2.64 cents to settle at $2.1162 a gallon.

Gasoline: gained 2.48 cents to settle at $2.2851 a gallon.

Natural gas: rose 4.3 cents to settle at $4.559 per 1,000 cubic feet.

On the ICE futures exchange:

Brent crude: rose 57 cents to settle at $80.48.