facebook
twitter
search
search

Crude oil price climbs toward $91

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.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Gas prices could go up, AAA says
Oil struggles to correct after Monday's drop
BMW's all-electric truck hits Munich streets
Thales, IAI demo new NATO STANAG 7085 data link on UAV
MBDA France orders MMP missile warheads