facebook
twitter
search
search

Crude oil drops modestly Thursday

Oct. 31, 2013 at 3:27 PM
| License Photo

NEW YORK, Oct. 31 (UPI) -- The price of crude oil dropped modestly Thursday, giving up 49 cents to $96.28 with pressure coming from a well-supplied market.

The Energy Information Administration said Wednesday crude oil supplies added 4.1 million barrels to 383.9 million barrels in the week, the second dramatic gain in two weeks. Inventories remain at more than the upper range for this time of year.

On the New York Mercantile Exchange, home heating oil lost 1.08 cents to reach $2.9678 a gallon. Reformulated blendstock gasoline gained 2.39 cents reach $2.6337 a gallon.

Natural gas lost 4 cents to reach $3.58 per million British thermal units.

At the pump, the national average price of unleaded gasoline was unchanged overnight, holding at $3.279 per gallon, 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