facebook
twitter
rss
account
search
search
 

Crude oil hovers under $107

Aug. 14, 2013 at 4:42 PM   |   Comments

| License Photo
NEW YORK, Aug. 14 (UPI) -- Crude oil for September hovered at slightly less than $107 per barrel in New York Wednesday as U.S. inventories dropped in the week that ended Saturday.

The Energy Information Administration said stockpiles of crude oil dropped by 2.8 million barrels to 360.5 million. Gasoline inventories dropped by 1.2 million barrels to 222.4 million barrels.

On Wednesday on the New York Mercantile Exchange, West Texas Intermediate crude reached a peak of $106.89, up 6 cents. Reformulated blendstock gasoline added 4.38 cents to reach $2.9863 per gallon. Home heating oil gained 0.42 cents to reach $3.0513 per gallon.

Natural gas added 5.7 cents to $3.342 per million British thermal units.

At the pump, the national average price for a gallon of unleaded regular gasoline was $3.539 down from Tuesday's $3.542, 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
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
4
Saudis probe oil pipeline blaze Saudis probe oil pipeline blaze
5
Iran stands by Pakistani gas pipeline Iran stands by Pakistani gas pipeline
Trending News
Around the Web
x
Feedback