Crude oil sprints toward $100

July 2, 2013 at 3:45 PM
| License Photo

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.

Related UPI Stories
Latest Headlines
Top Stories
Crude oil prices extend losses
Turkish oil pipeline from Iraq bombed
Australia receives seventh C-17 in record time
Chevron aims at cost reductions of $1 billion
Greenpeace again stands in Shell's way to arctic