facebook
twitter
rss
account
search
search
 

Crude oil holds close to $86

Nov. 15, 2012 at 7:53 PM   |   Comments

NEW YORK, Nov. 15 (UPI) -- Crude oil prices slipped under $86 a barrel on the New York Mercantile Exchange as the government said U.S. stockpiles rose in the week.

In a weekly Energy Information Administration stockpile report delayed by one day due to Monday's Veterans Day holiday, the government said crude oil inventories rose by 1.1 million barrels in the week to 375.9 million barrels.

With equities down for the sixth trading session out of the past seven, West Texas Intermediate crude oil in New York lost 92 cents to $85.40 per barrel. Reformulated blendstock gasoline lost 1.39 cents in late trading to $2.6823 per gallon overnight. Home heating oil prices shed 1.05 cents to $2.963 per gallon.

Natural gas prices added 1.2 cents to $3.715 per million British thermal units.

At the pump, the national average price of unleaded gasoline fell to $3.438 per gallon from Wednesday's $3.443, AAA said.

© 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.
Recommended UPI Stories
Most Popular
1
Market Basket workers hail victory with announced sale to Arthur T.
2
Brazil assessing capabilities of Russian air defense system
3
Iran vetting oil customers
4
New gear to be supplied to deploying Australian troops
5
U.S. Navy receives first low-rate production RAM Bock 2 missile
Trending News
Video
x
Feedback