Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Crude oil prices climb

|
|
 
  
Published: Aug. 21, 2008 at 5:57 PM
Advertisement

NEW YORK, Aug. 21 (UPI) -- Crude oil prices jumped Thursday, gaining on political tension and a declining dollar.

The dollar fell to $1.4897 against the euro, but pressure also came from tensions after Poland agreed to allow the United States to install a military defense system there, The Wall Street Journal reported.

Russia's angry response rippled through energy markets, as Russia is a major gas supplier for former Soviet bloc and European countries.

On the New York Mercantile Exchange, oil rose $5.96 to $121.61 per barrel. Heating oil prices rose 0.1359 cents to $3.086 per gallon. Reformulated blendstock gasoline prices rose 0.135 cents to $3.05 per gallon. Natural gas prices rose 0.184 cents to $8.281 per million British thermal units.

The national average retail price of unleaded regular gasoline fell 0.015 cents from Wednesday's price to $3.702 per gallon, the AAA Daily Fuel Gauge Report said.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The making of the Oscars The Chicago Auto Show The Tibetan Moniam Festival in China
Additional Business News Stories
1 of 25
Meryl Streep and Colin Firth attend the "BAFTA" ceremony in London
View Caption
fark
Twins in yearlong quarantine. No, they don't want any Doublemint gum
The Marines are apparently doing things we think only happen in Rambo movies
Remember back in the day when you had to walk to school, barefoot, uphill both ways, in the snow?...
Time to load up on beer, milk, bread and beer, north Atlanta is in for massive blizzard with up...
Bill would force teachers to comply with FCC regulations. in related news, Miss Lipshiatz is about...
When you yell "bingo," you better be damn sure you have bingo. Cause if you don't, we will find...