NEW YORK — Oil prices soared on promising economic news out of Europe and the U.S.
Benchmark crude on Tuesday rose $3.34, or 3.6 percent, to end the day at $97.22 per barrel in New York. Brent crude, which is used to price foreign oil that’s imported by many U.S. refineries, rose $3.09, or 3 percent, to finish at $106.73 per barrel in London. Alaska ANS West Coast crude rose $3.34 to $104.47 per barrel according to Bloomberg Daily Oil and Gas Prices as quoted on the Alaska Department of Revenue Tax Division Web page.