News Column

Crude Oil tops $95

March 26, 2013
oil pump

The price of crude oil climbed to more than $95 a barrel Tuesday in New York ahead of an expected reported rise in U.S. durable goods orders.

Traders are keeping an eye on the eurozone, where Cyprus announced it had secured a $13 billion international bailout. But details were unsettling, sending stock indexes lower Monday.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for May delivery added 63 cents to $95.23 per barrel. Gasoline prices added 0.84 cents to $3.061 per gallon. Home heating oil gained 0.89 cents to $2.9842 a gallon.

Natural gas gained 2.4 cents to reach $3.929 per million British thermal units.

At the pump, a gallon of regular unleaded gasoline was $3.658 Tuesday, down from Monday's $3.667, the AAA Fuel Gauge Report said.

Source: Copyright United Press International 2013

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