Crude oil prices topped $105 per barrel in New York, as traders expect an
inventory decline in Wednesday afternoon's Energy Information Administration
West Texas Intermediate crude added $1.62 on the New York Mercantile Exchange to reach $105.15 per barrel.
On Tuesday, prices jumped after the American Petroleum Institute said crude inventories fell by 9 million barrels, close to three times the draw that was expected.
Prices also remain elevated as political tensions in Egypt threaten to disrupt supplies.
Reformulated blendstock gasoline gained 4.23 cents to $2.9683 per gallon. Home heating oil added 0.88 cents to reach $2.9945 per gallon.
Natural gas gained 6 cents to $3.717 per million British thermal units.
At the pump, the average price for a gallon of unleaded regular gasoline was $3.501, up from Tuesday's $3.483, the AAA Fuel Gauge report said.
Most Popular Stories
- Cantwell Targets Gender Gap in Small-Business Loans
- Chrysler Gets Nod as a Top Employer for Hispanic Women
- Hispanic Entrepreneurs Set Pace in Florida
- FBI Probes JPMorgan Hack
- Health-care Deal Aids Port Contract Talks
- South Korea's Kia to Invest $1 Billion in Mexico
- Perry's Lawyers Try to Close Abuse Case
- Mario Lopez Inks New Clear Channel Deal
- Apple Loses Bid to Block Sales of 9 Samsung Phones
- What's the Law for Kids at Gun Ranges?