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
- 2014 World Cup Official Noisemakers Quieter than Vuvuzelas
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- Apple Activates Customer-Tracking iBeacon
- It's No Yolk: Food-tech Startups Take Aim at Replacing Eggs
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- Dell Offers Undisclosed Number of Employee Buyouts
- A Biography of Jonathan Ive, Apple's Creative Chief
- Ad Counts Rise in 2013 for Hispanic Magazines
- Networks Vie for U.S. Hispanic TV Viewers