Oil ends at highest in more than two months
8/7/12 2:53 PM ET (MarketWatch)Print
SAN FRANCISCO (MarketWatch) -- Crude-oil futures on Tuesday ended at their highest in more than two months as investors embraced assets considered riskier and as gasoline futures surged more than 2%. Crude for September delivery advanced $1.47, or 1.6%, to settle at $93.67 a barrel on the New York Mercantile Exchange. Gasoline for the same month's delivery rose 7 cents, or 2.4%, to settle at $2.36 per gallon. Late Monday, a fire broke out at a Chevron refinery in California, causing wholesale prices in the state to spike.
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