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Crude oil prices head higher

Sept. 27, 2011 at 6:00 PM   |   Comments

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NEW YORK, Sept. 27 (UPI) -- Crude oil prices gained ground Tuesday in New York, topping $83 per barrel as traders took a cue from a two-day rally in equity markets.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for November delivery gained $3.43, or 4.3 percent, to reach $83.67 per barrel.

Home heating oil for November delivery lost 0.07 cents from a midday peak to reach $2.885 per gallon. Reformulated blendstock gasoline shed 0.96 cents to $2.6264 per gallon.

Henry Hub natural gas prices dropped 1.1 cents to $3.816 per million British thermal, units.

At the gas pump, the national average price of unleaded gasoline fell to $3.479 per gallon from Monday's $3.493, AAA said.

In the past seven days, the national average price of gasoline has dropped 10.1 cents.

© 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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