Crude oil holds steady after OPEC production decision

June 3, 2013 at 8:06 AM   |   0 comments

NEW YORK, June 3 (UPI) -- Crude oil prices rose slightly during the weekend in New York, holding under $93 per barrel after OPEC oil ministers decided to keep production quotas intact.

Ministers of the Organization of Petroleum Exporting Countries agreed Friday to leave production at 30 million barrels per day and to revisit the matter in early December.

On the New York Mercantile Exchange, West Texas Intermediate crude added 32 cents to $92.92 per barrel. Reformulated blendstock gasoline gained 1.81 cents to $2.8071 per gallon. Heating oil added 0.27 cents to reach $2.819 per gallon. Natural gas prices lost 4.6 cents $3.982 per million British thermal units.

At the pump, the average price of a gallon of regular unleaded gasoline was $3.623 Monday, up from Sunday's $3.617, the AAA Fuel Gauge Report said.

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