Oil prices close over $82

Published: Sept. 27, 2007 at 4:24 PM

NEW YORK, Sept. 27 (UPI) -- U.S. oil prices closed over $82 Thursday as wary investors kept a watch on a couple of stormy conditions in the Gulf of Mexico.

Crude for November delivery gained $2.58, or 3.2 percent, at $82.88. Prices hit $83 during trading but fell back a bit.

Attention was focused on Tropical Storm Karen and a tropical depression far in the Gulf as possible future troublemakers for the oil industry.

Natural gas fell 12.70 cents Thursday to close at $6.919 per million British thermal units.

Heating oil was up 6.98 cents at $2.2521 a gallon and reformulated gasoline blendstock gained 6.65 cents at $2.0939 a gallon.

Motorists meanwhile were paying on average $2.811 a gallon for regular unleaded gasoline, down from Wednesday’s $2813, the AAA said in its daily fuel gauge report.

© 2007 United Press International, Inc. All Rights Reserved.
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