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Crude oil rally falters

Jan. 7, 2014 at 6:29 PM
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NEW YORK, Jan. 7 (UPI) -- Crude oil prices retreated Tuesday afternoon after an early run that topped $94 a barrel on the New York Mercantile Exchange.

Equities were mixed in Asia, but showed gains across the board in Europe. The dollar index, similarly, was mixed in Asia and weaker throughout Europe.

West Texas Intermediate oil added 59 cents to reach $94.02 per barrel before dropping down to $93.67. Gasoline prices added 3.26 cents to $2.6786 a gallon.

Home heating oil climbed to $2.9593 a gallon.

Natural gas was off 1 cent at $4.30 per million British thermal units.

The national average price of unleaded regular gasoline dropped from Monday's $3.317 per gallon to $3.314, the AAA Daily Fuel Gauge Report said.

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