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Crude oil holds above $104

April 20, 2012 at 5:23 PM   |   Comments

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NEW YORK, April 20 (UPI) -- Crude oil prices climbed to more than $104 per barrel Friday in New York as the dollar turned lower and equity futures looked strong.

Traders are also contemplating a possible shift in monetary policy in China and better-than-expected results in a survey of business confidence in Germany.

West Texas Intermediate crude oil for June delivery gained $1.35 on the New York Mercantile Exchange to $104.07 per barrel.

Home heating oil prices added 0.38 cents to $3.1446 per gallon. Reformulated blendstock gasoline gained 0.95 cents to $3.1195 per gallon.

Natural gas prices added 1.4 cents to $1.928 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped one penny to $3.881 per gallon Friday from Thursday's $3.891, AAA said.

© 2012 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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