NEW YORK, Dec. 26 (UPI) -- Crude oil prices neared $91 per barrel Wednesday in New York.
Oil prices rose with traders concerned lawmakers in Washington wouldn't reach a deficit-reduction agreement before the end of the year, a development that could set the economic recovery back on its heels.
On the New York Mercantile Exchange, West Texas Intermediate crude oil for February delivery added $2.30 to $90.91 per barrel. Home heating oil for February added 0.51 cents to $3.0406 a gallon. Reformulated blendstock gasoline shed 0.15 cents to $2.787 a gallon.
Natural gas prices lost 0.29 cents to $3.396 per million British thermal units.
At the pump, AAA reported the national average price for regular unleaded gasoline hit $3.247 per gallon, unchanged from Tuesday.
|Additional Business News Stories|
ALGIERS, Algeria, May 24 (UPI) --Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
ARLINGTON, Va., May 24 (UPI) --BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.