Crude oil slips closer to $98 Tuesday

Oct. 29, 2013 at 3:59 PM
| License Photo

NEW YORK, Oct. 29 (UPI) -- The price of crude oil dropped closer to $98 per barrel in New York Tuesday after a mixed batch of economic reports.

On the New York Mercantile Exchange, West Texas Intermediate crude dropped 45 cents to reach $98.23 per barrel. Home heating oil shed 0.36 cents to reach $2.9608 a gallon. Reformulated blendstock gasoline lost 2.61 cents reach $2.6048 a gallon.

Natural gas shed 7 cent to settle at $3.50 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $3.278 per gallon from Monday's $3.385, the AAA Daily Fuel Gauge Report said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules