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Crude oil hovers near $93 per barrel

June 28, 2011 at 9:13 PM   |   Comments

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NEW YORK, June 28 (UPI) -- Crude oil prices topped $93 per barrel before easing back Tuesday as equities rose on Wall Street and the dollar index shifted lower, down 0.32 percent.

On the New York Mercantile Exchange, West Texas Intermediate crude for August delivery added $2.29 to reach $92.90 per barrel, after peaking midday at $93.40. Home heating oil shed 0.15 cents to reach $2.84 per gallon. Reformulated blendstock gasoline lost 0.51 cents to $2.8105 per gallon.

Henry Hub natural gas prices rose 1 cent to $4.364 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $3.551 per gallon Tuesday from Monday's $3.565, 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.
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