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Oil prices mixed on euro uncertainty

Oil prices mixed
Oil prices mixed

Oil prices wavered between small gains and losses this evening as the EU moved closer to a plan aimed at fixing the euro zone debt crisis.

US crude rose 15 cents to $98.49 a barrel in New York. Brent crude lost 33 cents to $107.61 in London.

Massive debts in several European nations have rattled investors for months. There are worries about a possible euro zone recession, which in turn would lead to less spending and weaker demand for oil and gas.

In the US, natural gas prices dropped by nearly 4% as some parts of the country continued to see above-average temperatures.