UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Crude oil loses early gains and then some

|
 
Published: Oct. 19, 2012 at 6:09 PM

NEW YORK, Oct. 19 (UPI) -- Crude oil dropped back under $91 per barrel Friday as the dollar index rose and equities turned sharply lower on Wall Street.

TransCanada Corp. said it shut down the Keystone pipeline with expectations that it would take three days to check out problems revealed during routine tests, MarketWatch reported.

The supply news provided some support early, but that faded as the session moved into the afternoon.

The dollar index dropped 0.35 percent to 79.63, putting added pressure on commodity prices.

In New York, November delivery of West Texas Intermediate crude oil gave up $2.24 or 2.4 percent to $90.65 per barrel on the New York Mercantile Exchange.

Natural gas prices lost 0.35 cents to $3.579 per million British thermal units. Home heating oil lost 1.99 cents to $3.1397 per gallon. Reformulated blendstock gasoline shed 7.5 cents to $2.6788 per gallon.

At the pump, the average price for a gallon of regular unleaded gasoline was $3.715 per gallon, down from Thursday's $3.737, 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.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 18
Greek PM Antonis vists Beijing
View Caption
Greek national flags fly over Tiananmen Square during Greece's Prime Minister Antonis Samaras state visit to Beijing on May 16, 2013. Samaras is in China seeking investment and trade deals to help revive his country's recession-battered economy. UPI/Stephen Shaver
fark
Gay rights march in Georgia turns violent after priests lead mob against protesters
Twenty-one reasons why Ira Glass is the most perfect man alive
People give the craziest excuses just to stay home from work, but a study of 1,000 workers and 1,000...
It's a good idea not to get embalmed. Ya know... just in case you want to wake up in the middle...
Building a fake cemetery to keep the homeless from sleeping on your property? BRILLIANT
Kitten survives 30-minute cycle in washing machine, emerges agitated, but fluffy and soft in time...