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Crude oil hovers near $93 a barrel

Feb. 22, 2013 at 5:04 PM

NEW YORK, Feb. 22 (UPI) -- The price of a barrel of crude oil held close to $93 per barrel Friday after the European Commission downgraded its eurozone economic forecast.

The commission had predicted the eurozone's economy would grow slightly. The change calls for a slight contraction for 2013.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for April delivery added 34 cents to $93.36 per barrel. Gasoline prices on the exchange added 3.87 cents to $3.2748 per gallon.

Heating oil gained 0.75 cents to $3.1074 per gallon. Natural gas gained 3.5 cents to $3.277 per million British thermal units.

At the pump, the national average price for a gallon of regular unleaded gasoline rose to $3.781 per gallon from Thursday's $3.778, the AAA Daily Fuel Gauge Report said.

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