Business News

Oil rallies to close above $92 a barrel

Published: Aug. 6, 2012 at 4:53 PM

NEW YORK, Aug. 6 (UPI) -- After a shaky start, the price of crude oil closed up Monday on the New York Mercantile Exchange, picking up 80 cents settling at $92.20 a barrel.

Natural gas picked up 3 cents to $2.91 per million British thermal units.

Home heating oil also added 1 cent to close the session at $2.94.

Reformulated blendstock gasoline lost less than a penny, settling at $2.92 a gallon.

At the pump, the average cost for a gallon of regular unleaded gasoline jumped to $3.619 per gallon from $3.567 on Friday, AAA reported.

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