Crude oil holds at more than $97

Dec. 6, 2013 at 3:39 PM   |   0 comments

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NEW YORK, Dec. 6 (UPI) -- Crude oil stalled held at more than $97 a barrel in New York with the reaction to the U.S. unemployment situation report muted.

The Labor Department said the unemployment rate fell to 7 percent from 7.3 percent, a larger drop than expected and a level not seen since November 2008.

Crude oil began the session up more than 6 percent from last week's low, which implies a small correction is coming soon.

On the New York Mercantile Exchange, West Texas Intermediate crude added 24 cents to $97.62 per barrel Friday.

Reformulated gasoline blendstock for January added 1.65 cents to $2.7292 a gallon.

January heating oil gained 0.96 cent to reach $3.0592 a gallon while natural gas added 0.2 cents to reach $4.134 per million British thermal units.

The national average price of unleaded regular gasoline rose to $3.259 a gallon from Thursday's $3.252 a gallon, the AAA Daily Fuel Gauge Report said.

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