Oil closes under $86

Dec. 11, 2012 at 6:02 PM
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NEW YORK, Dec. 11 (UPI) -- Crude oil prices closed under $86 per barrel in New York Tuesday, the day before the oil ministers from exporting nations meet in Vienna.

On the New York Mercantile Exchange, West Texas Intermediate crude oil shed 14 cents to $85.65 per barrel. Home heating oil gained 0.15 cents to reach $2.9285 a gallon. Reformulated blendstock gasoline added 0.4 cents to $2.6145 a gallon. Natural gas gained 1.1 cents to $3.423 per million British thermal units.

At the pump, AAA reported a national average price for regular unleaded gasoline at $3.328 per gallon, down from Monday's $3.34.

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