News Column

Crude Oil Slips Before Data Downpour

October 29, 2013

UPI Business News

oil well

The price of crude oil dropped back to $98 per barrel in New York Tuesday as traders waited for a flurry of economic reports.

Reports out of Washington scheduled Tuesday included monthly retail sales figures, the producer price index for September and business inventories data for August.

Out of New York, the Conference Board releases its monthly consumer confidence report and Standard & Poor's releases the Case-Shiller home prices report for August.

On the New York Mercantile Exchange, West Texas Intermediate crude dropped 68 cents to reach $98 per barrel. Home heating oil shed 1.995 cents to reach $2.9445 a gallon. Reformulated blendstock gasoline lost 2.34 cents reach $2.6075 a gallon.

Natural gas added 1 cent to settle at $3.58 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $3.278 per gallon from Monday's $3.385, the AAA Daily Fuel Gauge Report said.

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Original headline: Crude oil slips before data downpour



Source: Copyright 2013 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.


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