Oil prices rise on surprise supply drop

Oil prices finishes near $89 per barrel after government reports surprise drop in US supplies

The price of oil climbed to near $89 per barrel Wednesday after a surprising drop in U.S. crude supplies.

On the New York Mercantile Exchange:

Benchmark crude rose by 85 cents to end the day at $88.91 per barrel.

Gasoline rose by 5.99 cents to finish at $2.8342 per gallon.

Heating oil added 1.08 cents to end at $2.8588 per gallon.

Natural gas fell by 3.8 cents to finish at $3.1710 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude rose $1.04 to end the day at $105.96 a barrel.

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