News Column

Syria Tensions Pump up Oil Prices

August 27, 2013
oil tankers
Oil tankers (file photo)

Crude oil for October delivery jumped above $108 per barrel in New York as tension in Syria raised the prospects of a supply disruption.

West Texas Intermediate crude oil added $2.71 to $108.63 per barrel, close to a five-month high.

Reformulated blendstock gasoline gained 6.15 cents to reach $2.896 per gallon. Home heating oil added 6.27 cents to reach $3.1462 per gallon.

Natural gas shed 4.8 cents to $3.465 per million British thermal units.

At the pump, the national average price for a gallon of unleaded regular gasoline was $3.542, up from Monday's $3.541, the AAA Fuel Gauge report said.

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Source: Copyright UPI 2013

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