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.
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TEL AVIV, Israel, May 17 (UPI) --Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.