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Oil prices jump on Middle East tensions

Aug. 27, 2013 at 3:05 PM   |   Comments

NEW YORK, Aug. 27 (UPI) -- Crude oil for October delivery jumped close to $109 per barrel in New York Tuesday as tension in Syria raised the prospects of a supply disruption.

West Texas Intermediate crude oil added $2.90 to $108.82 per barrel, a high unseen since March 2012.

Reformulated blendstock gasoline gained 7.97 cents to reach $2.9142 per gallon. Home heating oil added 8.19 cents to reach $3.1654 per gallon.

Natural gas gained 2.5 cents to $3.538 per million British thermal units.

At the pump, the national average price for a gallon of unleaded regular gasoline was $3.542, up from Monday's $3.541, 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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