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U.S. markets recover from steep losses
NEW YORK, May 5 (UPI) -- Crude oil prices held under $80 a barrel Wednesday on the New York Mercantile Exchange, as concerns over debt in Greece have not abated.
June delivery crude oil prices have fallen more than $6 since Monday, shedding $3.14 from a prior settlement to $79.60 per barrel. Prices are dropping with a rise in the dollar triggered by concerns Greece could default on its debt, despite international aid.
The dollar index reached a 12-month high Wednesday, climbing 1.05 percent.
While Greece's economy is small, the worry is that its economy could be the Achilles heel for the euro, the currency used in Greece and 15 other countries.
Heating oil futures for June lost 0.0745 cents to $2.185 per gallon. Reformulated gasoline blendstock prices lost 0.0822 cents to $2.24 per gallon.
Henry Hub natural gas futures for June shed 0.022 cents to $3.991 per million British thermal units.
At the pump, the national average price for unleaded gasoline was $2.919 per gallon Wednesday, up from Tuesday's $2.904, AAA said.
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