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Oil prices bounce back above $113 in volatile trading



By PABLO GORONDI, AP
02 May 2008 @ 09:26 am EST

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XOM 75.62 -0.52
USO 86.06 -0.96

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Brent crude futures gained $1.60 to $112.10 a barrel on the ICE Futures exchange in London.

In other Nymex trading, heating oil futures were up 2.50 cents to $3.1427 a gallon while gasoline prices rose 0.68 cent to $2.8850 a gallon. Natural gas futures fell 0.1 cent to $10.560 per 1,000 cubic feet.

___

Associated Press writer Gillian Wong in Singapore and Jeannine Aversa in Washington D.C. contributed to this report.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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