NEW YORK, Oct. 9 (UPI) -- Crude oil prices rose above $92 per barrel Tuesday with tensions between Turkey and Syria adding pressure to the market.
Border skirmishes between the two countries have escalated, raising concern oil supplies could be disrupted with the conflict also affecting exports from Iraq.
On the New York Mercantile Exchange, West Texas Intermediate crude for November delivery added $1.38 to $92.20 per barrel. Natural gas prices gained 0.8 cents to $3.475 per million British thermal units. Home heating oil added 0.48 cents to $3.208 per gallon. Reformulated blendstock gasoline was up 1.38 cents to $2.9725 per gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.815 per gallon, down from Monday's $3.818, AAA reported.
|Additional Business News Stories|
ERBIL, Iraq, June 19 (UPI) --Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
RIYADH, Saudi Arabia, June 19 (UPI) --Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.