NEW YORK, July 27 (UPI) -- Crude oil prices held close to $90 per barrel Friday morning, while equity markets climbed higher in Asia and Europe.
After European Central Bank President Mario Draghi commented on Thursday the bank would do "whatever it takes" to support the euro, speculation has heated up with analysts predicting the bank is preparing to buy Spanish and Italian debt.
On the New York Mercantile Exchange, September delivery West Texas Intermediate crude oil added 34 cents to $89.73 per barrel. Reformulated blendstock gasoline gained 2.09 cents to $2.7579 per gallon. Home heating oil added 0.79 cents to $2.8773 per gallon.
Natural gas was at $3.028 per million British thermal units, off 6.2 cents.
At the pump, the national average price of unleaded gasoline dipped slightly to $3.488 per gallon from Thursday's $3.49, AAA said.
|Additional Business News Stories|
BEIRUT, Lebanon, May 22 (UPI) --The seizure of Syrian oil fields by the al-Nusra Front could accelerate the breakup of Syria amid a reshaping of the Middle East's geopolitical landscape.
OTTAWA, May 22 (UPI) --Canadian Prime Minister Stephen Harper faces more embarrassing questions as new evidence suggests the nation's strategy for building a strong arctic naval force is out of control.