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Crude oil edges higher

Jan. 28, 2013 at 7:05 PM   |   Comments

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NEW YORK, Jan. 28 (UPI) -- The price of crude oil pushed slightly higher Monday, adding 44 cents to $96.50 per barrel in New York.

On the New York Mercantile Exchange, West Texas Intermediate crude oil found support from a strong gain in durable goods orders in December and a solid gain in capital goods investment. The price failed to spike, however, an indication pricing has already accommodated the upbeat data.

Gasoline added 4.62 cents to $2.9313 a gallon. Home heating oil shed 0.9 cents to $3.0499 a gallon.

Natural gas lost 13.7 cent to $3.308 per million British thermal units.

At the pump, AAA reported the national average retail price for regular unleaded gasoline rose to $3.349 per gallon from Sunday's $3.347.

© 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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