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WTI crude in a day up 9.2 percent

June 29, 2012 at 6:00 PM   |   Comments

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NEW YORK, June 29 (UPI) -- Crude oil prices rose to $85 per barrel Friday as heads of state in Europe reached several breakthrough agreements to support the euro.

West Texas Intermediate crude oil gained $7.13 on the New York Mercantile Exchange, a 9.2 percent jump to $84.82 per barrel.

Home heating oil prices also jumped but settled in late trading and ended down 0.99 cents from the peak to reach $2.70 per gallon.

Reformulated blendstock gasoline in late trading settled at $2.6118 per gallon.

Natural gas for July delivery eased back to $2.814 per million British thermal units after hitting a peak of $2.832.

At the pump, the national average price of unleaded gasoline fell to $3.353 per gallon Friday from Thursday's $3.369, 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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