NEW YORK, Sept. 26 (UPI) -- A stronger dollar and a report claiming commodity-based funds were performing poorly nudged crude oil prices toward $90 per barrel Wednesday in New York.
Crude oil prices gave up 54 cents to close at $90.32 per barrel after reaching lows under $90 in early trading on the New York Mercantile Exchange.
The dollar index rose 0.24 percent to 79.85 on the International Exchange, providing some pressure on prices. A report published by the Commodity Mercantile Exchange Group suggested investors steer away from commodity-based funds, which weren't performing as well as direct futures investments.
Home heating oil added 0.216 cents to $3.0985 per gallon. Reformulated blendstock gasoline gained 0.0465 cents to $2.8477 per gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.805 per gallon, down from Tuesday's $3.81, AAA reported.
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