NEW YORK, May 8 (UPI) -- Crude oil prices settled in midday trading Thursday before rising to a record by close of day on the New York Mercantile Exchange.
Crude oil reached jumped 96 cents Thursday to a record $124.54 per barrel on speculative trading and supply worries.
The price of heating oil rose 0.0134 cents in late trading Thursday to $3.5232 per gallon. The price of reformulated gasoline blendstock rose 0.0074 cents on the exchange to $3.1452 per gallon. Natural gas prices rose 0.005 cents to $11.268 per million British thermal units.
The price at the pump continued to climb, reaching a national average record $3.645 for a gallon of unleaded, up from Wednesday's price of $3.618 a gallon, 61 cents higher than the price from a year ago, AAA reported.
| Additional News Stories | |
WASHINGTON, Dec. 16 (UPI) --
A Republican congressional aide says Sen. Chuck Schumer, D-N.Y., recently had a rude exchange with a flight attendant who told him to hang up his cellphone.
|
LOS ANGELES, Dec. 16 (UPI) --
Amazon.com shipped out about 500 copies of U.S. rapper Lil Wayne's "Rebirth" about six weeks before it was set for release, Billboard.com said.
|