Brent crude settles at $110.21

Oil hovered above $92 a barrel Tuesday in Asia. Benchmark crude was up 20 cents at $92.40 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 80 cents on Monday to settle at $92.20 in New York. In London, Brent crude was up 66 cents at $110.21 on the ICE Futures exchange. In other Nymex energy trading, wholesale gasoline futures were up 1.3 cents at $2.93 a gallon and heating oil gained 0.9 cent to $2.95. Natural gas added 0.2 cent at $2.91 per 1,000 cubic feet, according to a report of the Associated Press.