NEW YORK, Nov. 8 (UPI) -- Crude oil prices climbed above $85 per barrel in New York Thursday, pulling out of a pricing tailspin prompted by President Obama's election victory.
West Texas Immediate crude oil for December delivery ducked down as far as $84.44 before turning higher, hitting $85.09 per barrel by the end of Thursday's trading session on the New York Mercantile Exchange.
Reformulated gasoline prices added 1.84 to $2.6073 per gallon. Home heating oil shed 0.67 cents to $2.9554 per gallon.
Natural gas prices added 3 cents to $3.61 per million British thermal units.
At the pump, the national average price of unleaded gasoline rose to $3.464 per gallon from Wednesday's $3.462, AAA said.
|Additional Business News Stories|
ALGIERS, Algeria, May 24 (UPI) --Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
ARLINGTON, Va., May 24 (UPI) --BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.