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Jan. 10, 2012 / 7:02 PM

Crude oil tops $102

One driver begins the process of a credit card gas purchase in Denver on April 15, 2011. UPI/Gary C. Caskey

One driver begins the process of a credit card gas purchase in Denver on April 15, 2011. UPI/Gary C. Caskey | License Photo

NEW YORK, Jan. 10 (UPI) -- Crude oil prices topped $102 per barrel Tuesday as stock markets turned higher on Wall Street, reaching levels not seen since mid-July.

The positive mood accompanies the latest corporate reporting season, with investors anticipating higher profits based on stronger economic data in the fourth quarter of 2011.

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On the New York Mercantile Exchange Tuesday, February delivery West Texas Intermediate crude oil added $1.12 to reach $102.43 per barrel. Home heating oil added 0.97 cents to $3.1111 per gallon. Reformulated blendstock gasoline added 1.46 cents to $2.7874 per gallon.

Henry Hub natural gas prices shed 2.4 cents to $2.917 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $3.372 per gallon from Monday's $3.374, AAA said.

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