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Crude oil tops $95

Jan. 17, 2013 at 6:01 PM   |   Comments

NEW YORK, Jan. 17 (UPI) -- Crude oil prices rose in New York Thursday as winter weather and lower inventories combined to support pricing.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for February delivery added $1.03 to $95.15 per barrel.

On Wednesday, the Energy Information Administration said crude oil stockpiles had dropped by 1 million barrels to 360.3 million.

Gasoline added 4.65 cents to $2.7725 a gallon. Home heating oil lost added 0.1 cents to $3.01 a gallon.

The price of natural gas added 3.8 cents to $3.477 per million British thermal units.

At the pump, AAA reported the national average price for regular unleaded gasoline dropped to $3.292 per gallon from Wednesday's $3.294.

© 2013 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.
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