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Persistent chill heats up oil pricing

March 25, 2013 at 6:02 PM   |   Comments

NEW YORK, March 25 (UPI) -- The price of crude oil topped $94 a barrel Monday in New York, boosted by wintry weather that was in no hurry to dissipate.

In a long-range forecast, the National Oceanic and Atmospheric Administration said cold weather would likely linger through April 7, extending the demand for heating oil.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for May delivery added 82 cents to reach $94.60 per barrel. Gasoline prices added 0.11 cents to $3.0526 per gallon. Home heating oil gained 0.03 cents to $2.9753 a gallon.

Natural gas shed 3.2 cents to reach $3.905 per million British thermal units.

At the pump, a gallon of regular unleaded gasoline was $3.667 Monday, down from Sunday's $3.661, the AAA 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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