facebook
twitter
rss
account
search
search
 

Crude oil prices head higher

March 27, 2013 at 6:53 PM   |   Comments

NEW YORK, March 27 (UPI) -- The price of crude oil held above $96 per barrel Wednesday in New York amid signals of strong demand.

The Energy Information Administration said Wednesday crude oil stockpiles rose by 3.3 million to 385.9 million barrels, keeping supplies well above the average range for this time of year. But the mood in commodity markets is bullish, with U.S. equity markets at close to record highs as part of an upswing that began early in 2013.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for May delivery added 61 cents to $96.76 per barrel.

Gasoline prices added 1.23 cents to $3.1118 per gallon. Home heating oil gained 4.79 cents to $3.0423 a gallon.

Natural gas added 4.4 cents to reach $4.084 per million British thermal units.

At the pump, the average price of a gallon of regular unleaded gasoline was $3.65 Wednesday, down from Tuesday's $3.658, 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.
Recommended UPI Stories
Most Popular
1
Northrop Grumman developing reusable space plane for lifting spacecraft into orbit
2
Construction on Russian gas line to China slated for September
3
Corona Extra recalled due to glass particles in beer
4
Navy to test Lockheed Martin's FORTIS exoskeleton
5
Final builder sea trials for Australian landing helicopter dock ship
Trending News
Video
x
Feedback