facebook
twitter
rss
account
search
search
 

Crude oil back above $106

July 12, 2013 at 4:01 PM   |   Comments

NEW YORK, July 12 (UPI) -- Crude oil prices topped $106 per barrel in New York despite an announcement by Egypt that political tension there is not a threat to supply lines.

Interim Egyptian Prime Minister Hazem el-Beblawi said the Suez Canal would remain open, enabling oil supplies to pass through, and that next week he would name a new Cabinet, CNN reported.

West Texas Intermediate crude oil gained $1.24 cents to $106.15 per barrel.

Reformulated blendstock gasoline added 9.93 cents to $3.1207 per gallon. Home heating oil gained 4.17 cents to reach $3.367 per gallon.

Natural gas added 3.3 cents to $3.646 per million British thermal units.

At the pump, the average price for a gallon of unleaded regular gasoline was $3.55, up from Thursday's $3.518, 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.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
4
CNN absent from the Dish Network lineup CNN absent from the Dish Network lineup
5
Statoil makes oil find in North Sea Statoil makes oil find in North Sea
Trending News
Around the Web
x
Feedback