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Crude oil holds steady at more than $92

Feb. 26, 2013 at 5:53 PM   |   Comments

NEW YORK, Feb. 26 (UPI) -- The price of a barrel of crude oil held at more than $92 per barrel Tuesday after the week in equity markets started with a thud on Wall Street.

Major stock indexes dropped at least 1.5 percent Monday on Wall Street. The dollar gained strength, which also pressured oil prices.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for April delivery added 70 cents to $92.79 per barrel. Gasoline prices on the exchange dropped 1.47 cents to $3.2188 per gallon.

Heating oil shed 3.31 cents to $3.0355 per gallon. Natural gas lost 1.5 cents to hit $3.451 per million British thermal units.

At the pump, the national average price for a gallon of regular unleaded gasoline rose from Monday's $3.777 to $3.782 per gallon, the AAA Daily Fuel Gauge Report said.

© 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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