facebook
twitter
rss
account
search
search
 

Crude oil climbs on fading threat of default

Oct. 16, 2013 at 3:56 PM   |   Comments

| License Photo
NEW YORK, Oct. 16 (UPI) -- Crude oil prices took off Wednesday as lawmakers in Washington neared a deal to end the government shutdown and avoid the possible calamity of default.

The Senate was expected to vote on the proposals before the end of the day and House Speaker John Boehner said he would make sure the bill would be put up to a vote in the lower chamber, The Wall Street Journal reported.

On the New York Mercantile Exchange, West Texas Intermediate crude oil added $1.10 to reach $102.31 per barrel. Reformulated blendstock gasoline prices added 4.16 cents to $2.7014 per gallon. Home heating oil gained 2.47 cents to $3.0417 per gallon. Natural gas lost 2 cents to reach $3.77 per million British thermal units.

At the pump, the national average price of unleaded gasoline added a penny from Monday to Tuesday to $3.357 per gallon, AAA's Daily Fuel Gauge Report said.

Topics: John Boehner
© 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
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
4
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
5
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
Trending News
Around the Web
x
Feedback