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Dec. 12, 2012 / 7:10 PM

Crude oil climbs above $86

NEW YORK, Dec. 12 (UPI) -- An increased demand estimate helped push crude oil prices above $86 per barrel in New York Wednesday.

The U.S. Energy Information Administration's monthly report pushed its demand estimate for 2013 to 90.5 million barrels per day.

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On the New York Mercantile Exchange, West Texas Intermediate crude oil gained 98 cents to $86.77 per barrel. Home heating oil gained 0.3 cents to reach $2.9698 a gallon. Reformulated blendstock gasoline added 0.1 cents to $2.6475 a gallon. Natural gas gained 1.9 cents to $3.401 per million British thermal units.

At the pump, AAA reported a national average price for regular unleaded gasoline at $3.315 per gallon, down from Tuesday's $3.328.

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