NEW YORK ? Oil prices climbed to the highest level in five weeks after Iran said it will cut off some crude exports to Europe in retaliation for a planned embargo later this year. Here's a breakdown of how energy contracts traded on Wednesday:
On the New York Mercantile Exchange:
Benchmark crude rose $1.06 to finish at $101.80 per barrel.
Gasoline rose 2.42 cents to end at $3.0067 per gallon.
Heating oil rose 2.68 cents to finish at $3.1916 per gallon.
Natural gas fell 10.7 cents to end at $2.425 per 1,000 cubic feet.
On the ICE Futures exchange in London:
Brent crude rose $1.58 to finish at $118.93 per barrel.
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