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|
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.
SANTIAGO, Chile, May 21 (UPI) --More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.