Oil prices rose above $82 a barrel Tuesday, the Associated Press reported. By early afternoon in Europe, benchmark crude for May delivery was up $1.12 to $82.57 a barrel in electronic trading on the New York Mercantile Exchange. On Monday, oil tumbled $1.79 to settle at $81.45 after falling $2.27 on Friday. In other Nymex trading in May contracts, heating oil rose 3.05 cents to $2.1873 a gallon and gasoline gained 2.02 cents to $2.2746 a gallon. Natural gas jumped 2.4 cents to $3.968 per 1,000 cubic feet. In London, Brent crude's June contract was up 87 cents at $85.10 on the ICE futures exchange.
