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Crude oil tops $108

July 19, 2013 at 5:55 PM   |   Comments

NEW YORK, July 19 (UPI) -- Crude oil prices topped $108 per barrel Friday in after-hours trading in New York.

On the New York Mercantile Exchange, West Texas Intermediate crude added 46 cents to $108.50 per barrel.

A long rally in equity markets supported higher prices, which were bumped up recently by political tension in Egypt.

On Friday morning, reformulated blendstock gasoline added 1.36 cents to $3.1234 per gallon. Home heating oil shed 1.13 cents to fall to $3.0894 per gallon. Natural gas lost 2.3 cents to $3.789 per million British thermal units.

At the pump, the national average price for a gallon of unleaded regular gasoline was $3.672, up from Thursday's $3.669, 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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