facebook
twitter
rss
account
search
search
 

Crude oil settles under $88

Nov. 20, 2012 at 6:29 PM   |   Comments

| License Photo
NEW YORK, Nov. 20 (UPI) -- Crude oil prices settled under $88 per barrel Tuesday, easing back as Israel held off on launching a ground attack on the Gaza Strip.

Renewed tension between Israel and Hamas, which controls Gaza, jolted energy markets last week. It is possible the delayed attack could give way to a negotiated cease-fire, as Secretary of State Hillary Clinton was headed to the Middle East to push for a truce.

On the New York Mercantile Exchange, West Texas Intermediate crude oil prices topped $89 per barrel overnight, but settled at $87.34 per barrel by close of trading. Reformulated blendstock gasoline added 3.75 cents from Monday to $2.75 per gallon. Home heating oil prices added 2.67 cents to $3.0659 per gallon.

Natural gas prices shed 0.6 cents to $3.826 per million British thermal units.

At the pump, the national average price of unleaded gasoline fell to $3.412 per gallon from Monday's $3.416, 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
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
2
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
3
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Rheinmetall, KBR in joint venture bid for British defense entity
Trending News
Video
x
Feedback