News Column

Crude Oil Jumps 2 Percent

Nov. 19, 2012
oil well

Crude oil prices climbed sharply during the weekend, headed for $89 per barrel Monday morning on renewed tension between Israel and Palestine.

On the New York Mercantile Exchange, West Texas Intermediate crude oil added $1.88 or 2.1 percent to reach $88.80 per barrel. Reformulated blendstock gasoline gained 4.49 cents to $2.755 per gallon. Home heating oil prices added 6.63 cents to $3.0531 per gallon.

Natural gas prices shed 2.1 cents to $3.769 per million British thermal units.

At the pump, the national average price of unleaded gasoline fell to $3.416 per gallon from Sunday's $3.418, AAA said.

Source: Copyright United Press International 2012

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters