UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Crude oil price climbs toward $91

|
 
Published: Dec. 26, 2012 at 7:31 PM

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.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 15
138th Preakness Stakes in Baltimore, Mayland
View Caption
Race fans enjoy a shot in the infield during the 138th Preakness Stakes at Pimlico Race Course on May 18, 2013 in Baltimore, Maryland. Kentucky Derby winner Orb is looking for a Triple Crown possibility with a win today at Pimlico. UPI/Kevin Dietsch
fark
Where eternal damnation for gays never made sense, Twitter users going to hell is perfectly reasonable...
Defense lawyers argue with Court over sentencing rapist cop who committed suicide in jail: "I can't...
America has found a way to pay for all that Chinese crap she buys. Soybeans. Ironic tag because...
Five tech stocks you should have bought instead of Facebook. AOL? Really?
Supercell with confirmed tornado bearing down on Wichita as severe weather outbreak begins in plains...
The Provo Tabernacle - it is risen