UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Crude oil settles near $98

|
 
Published: Feb. 25, 2011 at 6:58 PM

NEW YORK, Feb. 25 (UPI) -- Crude oil prices rose Friday in New York but held under the $100-per-barrel mark to settle near $98.

A sharp price run-up triggered by unrest in Libya has faded, at least temporarily. Saudi Arabia has reassured traders it could step up production to meet demand while political unrest in Libya continues.

After dropping 32 cents overnight, April delivery light, sweet crude oil on the New York Mercantile Exchange gained 89 cents Friday to $98.17 per barrel. Home heating oil prices added 6.18 cents to $2.955 per gallon. Reformulated blendstock gasoline prices rose 3.41 cents to $2.909 per gallon. Natural gas prices added 15 cents to $4.022 per million British thermal units.

At the pump, the national average price of unleaded gasoline rose to $3.287 per gallon from Thursday's $3.228, AAA said.

© 2011 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
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 14
The 2013 Billboard Music Awards
View Caption
Singer Miley Cyrus arrives at the 2013 Billboard Music Awards held at the MGM Grand Hotel in Las Vegas, Nevada on May 19, 2013. UPI/Jim Ruymen
fark
The twelve most significant moments in the history of pizza. Missing from the list: the advent of...
The pope goes to Church to catch up on sleep, just like every other Catholic
Pro tip: If you're going to butt-dial someone, make sure it's not 9-1-1 while you are breaking into...
Photo of monster sized hailstones that fell out of the sky in Oklahoma City today
Sarah Palin did not see this coming
Two puppies devoured by king cobra after falling into well. Sorry, did I say devoured? I meant saved...