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Crude oil prices slip Monday

Jan. 6, 2014 at 4:41 PM   |   Comments

NEW YORK, Jan. 6 (UPI) -- Crude oil prices settled under $94 a barrel on the New York Mercantile Exchange Monday after an early rally petered out.

What looked to be the end of a four-day slide, turned into a five-day slump as West Texas Intermediate oil shed 22 cents to reach $93.74 per barrel with temperatures rising in the critical Northeast corridor, a large market hit hard by a winter storm at the tail end of the previous week.

Gasoline prices added 1.07 cents to $2.6595 a gallon.

Home heating oil gained 2.56 cents to hit $2.955.

Natural gas was even on the day at $4.30 per million British thermal units.

The national average price of unleaded regular gasoline was unchanged, holding at $3.317, the AAA Daily Fuel Gauge Report said.

A week ago, the national average price of gasoline was $3.312 per gallon. A year earlier, the price stood at $3.299.

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