facebook
twitter
search
search

Crude oil inches toward $96

May 6, 2013 at 7:45 AM
| License Photo

NEW YORK, May 6 (UPI) -- Crude oil prices climbed to nearly $96 per barrel Monday morning on the New York Mercantile Exchange as traders viewed Friday's employment report as positive.

With figures that beat expectations, 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.

West Texas Intermediate crude oil added 53 cents to reach $95.97 per barrel.

Gasoline prices added 5.9 cents to $2.8778 a gallon. Home heating oil gained 1.07 cents to $2.89 a gallon. Natural gas shed 3.4 cents to $4.017 per million British thermal units.

At the pump, the average price of a gallon of regular unleaded gasoline was $3.521 Monday, up from Sunday's $3.52, the AAA Fuel Gauge Report said.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting