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Crude oil sprints toward $100

July 2, 2013 at 3:45 PM   |   Comments

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NEW YORK, July 2 (UPI) -- Rising tensions in Egypt and positive sentiment in equity markets pushed crude oil above $99 per barrel in New York Tuesday morning.

On the New York Mercantile Exchange, west Texas Intermediate crude oil added $1.47 to $99.46 per barrel. Reformulated blendstock gasoline gained 4.29 cents to $2.7808 per gallon. Home heating oil added 2.97 cents to reach $2.9033 per gallon.

Natural gas gained 7.6 cents to $3.653 per million British thermal units.

At the pump, the average price for a gallon of unleaded regular gasoline was $3.478, down from Monday's $3.487, 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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