facebook
twitter
search
search

Oil holds above $86

Dec. 13, 2012 at 6:50 PM

NEW YORK, Dec. 13 (UPI) -- Crude oil prices held above $86 per barrel in New York Thursday, held in check by a slight increase in the U.S. stockpile.

The U.S. Energy Information Administration's monthly report said crude oil inventories in the week rose by 800,000 barrels to 372.6 million barrels, which is "well above the upper limit of the average range for this time of year," EIA said late Wednesday.

On the New York Mercantile Exchange, West Texas Intermediate crude oil added 37 cents to $86.26 per barrel. Home heating oil gained 0.83 cents to reach $2.952 a gallon. Reformulated blendstock gasoline added 0.34 cents to $2.6055 a gallon. Natural gas gave up .02 cents to $3.347 per million British thermal units.

At the pump, AAA reported a national average price for regular unleaded gasoline at $3.301 per gallon, down from Wednesday's $3.315.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Report: Brazil's Petrobras wading dark waters
Reddit CEO Ellen Pao apologizes for firing scandal
Oil markets hammered by Greece, Iran and China
Baker Hughes wins Johan Sverdrup contract
Iran envisions post-sanctions oil era