Crude oil steady after demand estimate

Jan. 22, 2014 at 8:18 AM
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NEW YORK, Jan. 22 (UPI) -- Crude oil prices held steady in New York, holding just under $95 per barrel Wednesday morning as the market's focus turned from supply to demand.

Light, sweet West Texas Intermediate crude on the New York Mercantile Exchange held at $94.99 after the Energy Information Administration's monthly report said global demand in 2014 is expected to rise by 1.3 million barrels per day.

Gasoline added 0.72 cents to reach $2.6278 a gallon.

Home heating oil gained 1.95 cents to settle at $3.0342 a gallon.

Natural gas gained 8 cents to hit $4.51 per million British thermal units.

The national average price of unleaded regular gasoline rose to $3.283 per gallon from Tuesday's $3.279, the AAA Daily Fuel Gauge Report said.

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