facebook
twitter
search
search

Crude oil slides to less than $97 per barrel

Oct. 30, 2013 at 3:14 PM
| License Photo

NEW YORK, Oct. 30 (UPI) -- The price of crude oil dropped to less than $97 per barrel in New York Wednesday as a weekly inventory report noted a high supply build up in the week.

The Energy Information Administration said crude oil supplies rose by 4.1 million barrels in the week to 383,9 million barrels, the second consecutive week of a large inventory gain with supplies above the upper range for this time of year.

On the New York Mercantile Exchange, West Texas Intermediate crude dropped $1.43 to $96.77 per barrel. Home heating oil added 1.45 cents to reach $2.9786 a gallon. Reformulated blendstock gasoline gained 4.1 cents reach $2.6508 a gallon.

Natural gas dropped 1 cent to reach $3.62 per million British thermal units.

At the pump, the national average price of unleaded gasoline rose to $3.279 per gallon from Tuesday's $3.278, the AAA Daily Fuel Gauge Report said.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting