Advertisement

Crude oil prices climb

A gas pump is seen at an Exxon gas station in Arlington, Virginia on September 8, 2010. UPI/Alexis C. Glenn
A gas pump is seen at an Exxon gas station in Arlington, Virginia on September 8, 2010. UPI/Alexis C. Glenn | License Photo

NEW YORK, Feb. 17 (UPI) -- Crude oil prices jumped higher Thursday in New York as traders kept an eye on developments in the Middle East.

Officials in Egypt said Iran had canceled plans to send two warships through the Suez Canal. While that pointed to easing tensions, police and anti-government protesters clashed in Bahrain, leaving at least four dead, The Guardian reported.

Advertisement

On the New York Mercantile Exchange, March delivery light, sweet crude oil added $1.41 to $86.40 per barrel. Home heating oil shed 4.48 cents to $2.73 per gallon. Reformulated blendstock gasoline prices lost 1.29 cents to $2.5318 per gallon. Henry Hub natural gas prices shed 5.4 cents to $3.867 per million British thermal units.

At the pump, the national average price of unleaded gasoline rose to $3.145 per gallon from Wednesday's $3.133, AAA said.

Latest Headlines

Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement