facebook
twitter
rss
account
search
search
 

Crude oil prices top $82 per barrel

Oct. 5, 2010 at 6:47 PM   |   Comments

| License Photo
NEW YORK, Oct. 5 (UPI) -- Crude oil prices rose above $82 per barrel Tuesday after the Bank of Japan cut its lending rate from 0.1 percent to zero.

The move sent Japanese stocks higher and pushed the yen lower, as currency traders sold yen to find better returns elsewhere.

The Nikkei 225 index in Tokyo rose 1.47 percent. The Shanghai composite index in China also put on a burst of steam, rising 1.72 percent. In New York, the Dow Jones industrial average gained 1.8 percent.

On the New York Mercantile Exchange, the price of November delivery light, sweet crude added $1.07 to hit $82.54 per barrel. Heating oil prices shed 0.26 cents from a recent settlement to $2.30 per gallon. Reformulated blendstock gasoline prices dropped 0.25 cents to $2.123 per gallon.

Henry Hub natural gas prices added 2.8 cents to $3.771 per million British thermal units.

At the pump, the national average price of unleaded gasoline rose to $2.732 per gallon from Monday's $2.718, AAA said.

© 2010 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.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Northrop Grumman developing reusable space plane for lifting spacecraft into orbit
2
Corona Extra recalled due to glass particles in beer
3
Embraer refining KC-390 transport
4
Navy to test Lockheed Martin's FORTIS exoskeleton
5
Final builder sea trials for Australian landing helicopter dock ship
Trending News
Video
x
Feedback