facebook
twitter
search
search

Oil adds 1.5 percent Wednesday

Dec. 19, 2012 at 6:19 PM
| License Photo

NEW YORK, Dec. 19 (UPI) -- Crude oil prices broke to higher ground Wednesday, closing in on $90 per barrel in New York.

West Texas Intermediate crude oil for January delivery added $1.58 or 1.7 percent to $89.98 per barrel.

Prices were given a boost by a weekly inventory report that said crude oil stock piles had dropped by 1 million barrels in the week to 371.6 million barrels.

On the New York Mercantile Exchange, home heating oil for January added 3.91 cents to $3.0356 a gallon. Reformulated blendstock gasoline gained 5.22 cents to $2.7431 a gallon.

Natural gas prices shed 1 cent to $3.32 per million British thermal units.

At the pump, AAA reported a national average price for regular unleaded gasoline at $3.226 per gallon, down from Tuesday's $3.236.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Momentum builds behind giant Norwegian oil field
Hess completes Bakken joint venture
New oil expected offshore New Zealand
California driving global low-carbon effort
BP to settle with U.S. coastal states