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Crude oil hangs under $91

March 5, 2013 at 6:00 PM   |   Comments

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NEW YORK, March 5 (UPI) -- Crude oil prices held above $90 per barrel on the New York Mercantile Exchange with support coming from a supply disruption in Europe.

Economic news is mixed with equity markets broadly higher around the globe Tuesday and China announcing it would stick to its target of 7.5 percent economic growth for 2013.

The supply disruption concerns a shut down North Sea pipeline, which is closed for the third consecutive day due to a leak. Price changes have been muted, however.

West Texas Intermediate crude oil for April delivery was added 40 cents to $90.76 per barrel.

Gasoline added 5.17 cents to $3.15 a gallon.

Home heating oil gained 5.4 cents to reach $2.973 a gallon.

Natural gas shed 1.3 cents to hit $3.523 per million British thermal units.

At the pump, the national average price for a gallon of regular unleaded gasoline slipped from Monday's $3.746 per gallon to $3.737, 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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