News Column

Oil Closes at More than $93 a Barrel

Aug. 7, 2012
oil

Crude oil prices ended at their highest level in more than two months, gaining $1.47 to settle at $93.67 a barrel Tuesday on the New York Mercantile Exchange.

It was the highest settlement for crude oil since May 15.

Reformulated blendstock gasoline added 7 cents and finished at $2.99 a gallon.

Natural gas gained 6 cents, settling at $2.96 per million British thermal units.

Home heating oil also picked up 6 cents, closing at $3 a gallon, the highest settlement since May 9.

At the pump, the average price for a gallon of regular unleaded gasoline was $3.634 Tuesday, up from $3.619 Monday.



Source: Copyright United Press International 2012


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