facebook
twitter
rss
account
search
search
 

Crude oil steady

Nov. 27, 2012 at 10:49 AM   |   Comments

NEW YORK, Nov. 27 (UPI) -- Crude oil prices held to less than $88 a barrel Tuesday on the New York Mercantile Exchange, failing to make gains in light of a dour economic report.

Light crude oil gave up 7 cents to $87.67 a barrel as the Organization of Economic Cooperation and Development said its 34 members would experience 1.4 percent economic growth in 2013, down from a prediction of 2.2 percent released in May.

In early trading, home heating oil was off 0.91 cents to $3.0503 a gallon while reformulated blendstock gasoline added 0.33 cents to $2.7072 a gallon. Henry Hub natural gas was off 1 cent to $3.858 per million British thermal units.

At the pump, AAA reported regular unleaded gasoline selling for $3.419 per gallon, down from Monday's $3.423.

© 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
Hershey's new logo launched, compared to emoji poop
2
Brazil Air Force, Saab discuss Gripen procurement deal
3
Abercrombie & Fitch axes logos after years of declining sales and bad press
4
The 'Home of the Whopper' to keep headquarters in U.S.
5
France receives upgraded aerial tanker
Trending News
Video
x
Feedback