The price for a barrel of crude oil slipped Wednesday afternoon, dropping 20
cents to $98.47 per barrel on an unexpected inventory report.
The Energy Information Administration said crude oil supplies rose by 313,000 barrels in the week -- not much in the grand scheme of things, but economists had expected the EIA to report a draw, which meant some traders adjusted their positions quickly to match market conditions.
Reformulated blendstock gasoline gained 1.65 cents to $2.8959 a gallon.
Home heating oil added 0.97 cents to $2.9714 a gallon.
Natural gas gained 5.8 cents to $3.963 per million British thermal units.
At the pump, the average price for a gallon of unleaded regular gasoline was $3.603, down from Tuesday's $3.607, the AAA Fuel Gauge report said.
Most Popular Stories
- Hernandez lawyer: Pats Records Dispute Resolved
- Congress Leaving Town as Deadlines Loom
- Oregon Voters to Decide on Recreational Pot
- 4th Circuit Upholds Obamacare Subsidies
- Fiat, Renault Strike Deal on New Light Vehicle
- Oregon to Vote on Recreational Marijuana
- Senate, House Locking Horns on Border Funds
- Jeter, Bauer Give Fox a Strong Week in TV Ratings
- LinkedIn to Buy Ad Tech Company Bizo for $175 Million
- A's Agree to 10-Year Lease to Stay in Oakland