facebook
twitter
search
search

Crude oil approaches $97

Sept. 11, 2012 at 7:12 PM

NEW YORK, Sept. 11 (UPI) -- Crude oil prices closed under $97 per barrel Tuesday, the high end of a trading range that has dominated the market for more than a month.

With few exceptions, West Texas Intermediate crude oil has ranged from $91 to $97 per barrel since early August.

October delivery crude oil traded up and down Tuesday, closing the day at $96.77 per barrel, down 40 cents from the day's peak but up 62 cents from a day earlier. Natural gas gained 1.3 cents to $3.005 per million British thermal units.

Home heating oil lost 0.57 cents to $3.18 per gallon. Reformulated blendstock gasoline tacked on 0.36 cents to $3.0471 per gallon.

At the pump, the average price for a gallon of regular unleaded gasoline was $3.843 per gallon Tuesday, a sharp 1.5 cent gain from Monday's $3.828, AAA reported.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Houston-based LINN leaves Texas shale
Australian troops to receive new rifle variant
Gas prices could go up, AAA says
Saab joining BAE Systems, Patria in bid to produce armored vehicle
Kurdish government in Iraq selling more oil