
NEW YORK, Dec. 17 (UPI) -- Crude oil prices held above $87 a barrel in New York Monday with an unusually warm December putting pressure on prices.
Demand for natural gas dropped 14 percent in the week ending Thursday, taking natural gas close to a seven-week low Monday at $3.34 per million British thermal units, although prices were up from an overnight low of $3.314.
On the New York Mercantile Exchange, West Texas Intermediate crude oil for January delivery dropped 30 cents to $87.43 a barrel.
Home heating oil for January delivery was off 2.44 cents to $2.9563 a gallon. Reformulated blendstock gasoline shed 0.75 cents to $2.6546 a gallon.
At the pump, AAA reported a national average price for regular unleaded gasoline at $3.248 per gallon, down from Sunday's $3.257.
|
|
|
|
|
|
| Additional Business News Stories | |
BRUSSELS, May 22 (UPI) --
The European Union will carefully weigh the risks of shale gas development this year but also needs to stem high energy prices, the EU's energy chief says.
|
MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption