facebook
twitter
search
search

Crude oil jumps to $95 a barrel

May 3, 2013 at 5:12 PM

NEW YORK, May 3 (UPI) -- Crude oil prices jumped to more than $95 per barrel Friday on the New York Mercantile Exchange in reaction to the falling U.S. unemployment rate.

The U.S. Labor Department said 165,000 jobs were added to the economy in April and the jobless rate dropped from 7.6 percent to 7.5 percent, the lowest level in five years.

The figures beat expectations and West Texas Intermediate crude oil added $3.96 to $95.44 per barrel, a relatively large jump.

Gasoline prices added 10.16 cents to $2.8188 a gallon. Home heating oil gained 7.46 cents to $2.8793 a gallon. Natural gas shed 29.8 cents to $4.051 per million British thermal units.

At the pump, the average price of a gallon of regular unleaded gasoline was $3.522 Friday, down from Thursday's $3.525, the AAA Fuel Gauge Report said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Ford recalls 432,000 North American vehicles over software bug
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue