facebook
twitter
rss
account
search
search
 

Crude oil holds steady

Nov. 29, 2012 at 10:32 PM   |   Comments

| License Photo
NEW YORK, Nov. 29 (UPI) -- Crude oil prices made slight gains Thursday on the New York Mercantile Exchange, supported by a two-day rally in equities.

West Texas Intermediate crude oil added 12 cents to $87.66 a barrel with price support also coming from a weaker U.S. dollar.

Home heating oil shed 0.51 cents in late trading to $3.0518 a gallon while reformulated blendstock gasoline lost 1.29 cents to $2.7205 a gallon. Henry Hub natural gas shed 1.34 cent to $3.648 per million British thermal units.

On Wednesday, the Energy Information Agency said stockpiles of crude were little changed in the week with a drawdown of about 300,000 barrels. Still, even a slight draw down with winter weather setting in is likely to push prices higher.

At the pump, AAA reported regular unleaded gasoline selling for $3.409 per gallon, down from Wednesday's $3.415.

© 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
Bad wells, not fracking, spoiling water Bad wells, not fracking, spoiling water
2
Kurds challenge latest Iraqi oil claims Kurds challenge latest Iraqi oil claims
3
Lockheed tests aircraft laser turret
4
Gas onus on Ukraine, Gazprom says Gas onus on Ukraine, Gazprom says
5
Alaska's governor upset with BP move Alaska's governor upset with BP move
Trending News
Video
x
Feedback