News Column

Crude Oil Bubbles Back Over $98

July 2, 2013
crude oil

Rising tensions in Egypt and positive sentiment in equity markets pushed crude oil above $98 per barrel in New York Tuesday morning.

On the New York Mercantile Exchange, west Texas Intermediate crude oil added 33 cents to $98.32 per barrel. Reformulated blendstock gasoline gained 2.46 cents to $2.7625 per gallon. Home heating oil added 0.76 cents to reach $2.8812 per gallon.

Natural gas gained 3.1 cents to $3.608 per million British thermal units.

At the pump, the average price for a gallon of unleaded regular gasoline was $3.478, down from Monday's $3.487, the AAA Fuel Gauge report said.

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Source: Copyright UPI 2013

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