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Crude oil prices remain elevated

July 9, 2013 at 4:18 PM
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NEW YORK, July 9 (UPI) -- Crude oil prices closed in on $104 per barrel in New York, remaining elevated as geopolitical tension in Egypt has triggered concern over supply lines.

Egypt's interim President Adli Mansour released a proposed timeline for new elections, but not all political groups warmed to the proposal immediately, The Financial Times reported.

In New York, West Texas Intermediate crude added 85 cents to reach $103.99 per barrel.

Reformulated blendstock gasoline gained 4.66 cents to $2.9847 per gallon. Home heating oil added 0.46 cents to reach $2.9847 per gallon.

Natural gas dropped 7.8 cents to $3.663 per million British thermal units.

At the pump, the average price for a gallon of unleaded regular gasoline was $3.483, up from Monday's $3.474, the AAA Fuel Gauge report said.

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