News Column

Crude Oil Stays Above $108

July 19, 2013

Crude oil prices held above $108 per barrel Friday morning in New York.

On the New York Mercantile Exchange, West Texas Intermediate crude added 30 cents to $108.11 per barrel.

A long rally in equity markets supported higher prices, which were bumped up recently by political tension in Egypt.

On Friday morning, reformulated blendstock gasoline added 5.22 cents to $3.162 per gallon. Home heating oil added 2.06 cents to reach $3.1213 per gallon. Natural gas lost 2 cents to $3.792 per million British thermal units.

At the pump, the national average price for a gallon of unleaded regular gasoline was $3.672, up from Thursday's $3.669, the AAA Fuel Gauge report said.





Source: Copyright UPI 2013


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