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Crude oil stays above $106 a barrel Monday

Aug. 12, 2013 at 3:10 PM   |   Comments

NEW YORK, Aug. 12 (UPI) -- Crude oil for September delivery held onto a perch above $106 per barrel in New York Monday.

West Texas Intermediate crude climbed last week on gains in factory output in China, a sign that demand would remain strong.

On the New York Mercantile Exchange, crude oil added 17 cents to $106.14 per barrel. Reformulated blendstock gasoline shed 0.4 cents to reach $2.9042 per gallon. Home heating oil added 3.15 cents to reach $3.025 per gallon.

Natural gas gained 8.5 cents to $3.315 per million British thermal units.

At the pump, the national average price for a gallon of unleaded regular gasoline was $3.549, down from Sunday's $3.555, 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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