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Near $92, oil doesn't budge

Oct. 16, 2012 at 7:10 PM   |   Comments

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NEW YORK, Oct. 16 (UPI) -- Crude oil prices held steady near $92 per barrel on the New York Mercantile Exchange Tuesday.

Equity markets pushed higher in Asia and Europe, but those are relatively indirect influences on oil prices. More direct influences -- tension in the Middle East and major economic reports -- were stable Tuesday morning.

West Texas Intermediate crude for November delivery in New York added 29 cents to $92.03 per barrel.

Natural gas prices shed 0.045 cents t $3.44 per million British thermal units. Home heating oil lost 0.0219 cents to $3.185 per gallon. Reformulated blendstock gasoline dropped 0.0189 cents to $2.8363 per gallon.

At the pump, the average price for a gallon of regular unleaded gasoline was $3.773 per gallon, down from Monday's $3.787, AAA reported.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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