A look at oil's jump Tuesday

A look at the jump in oil and other futures Tuesday as US election results loom

Associated Press

The price of oil jumped more than $3 a barrel Tuesday as investors, along with voters across the country, await the results of the U.S. presidential election. It was the biggest one-day jump in a month.

On the New York Mercantile Exchange:

Benchmark crude rose $3.06, or 3.5 percent, to finish at $88.71 in New York.

Wholesale gasoline rose 8 cents to $2.70 a gallon.

Heating oil rose 7 cents to $3.05 a gallon.

Natural gas rose 6 cents $3.62 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude, which is used to price international varieties of oil, surged $3.34, or 3.1 percent, to $111.07 in London.

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