facebook
twitter
rss
account
search
search
 

Crude oil tops $97 Thursday

Jan. 23, 2014 at 5:52 PM   |   Comments

| License Photo
NEW YORK, Jan. 23 (UPI) -- Crude oil prices rose in New York Thursday, topping $97 per barrel after the Energy Information Administration reported a slight inventory gain.

The EIA, in a weekly report delayed a day due to the Dr. Martin Luther King Jr. holiday, said inventories rose by 1 million barrels to 351.2 million, remaining in the upper half of the average range for this time of year.

Light, sweet West Texas Intermediate crude on the New York Mercantile Exchange gained 66 cents Thursday to hit $97.39 per barrel.

Gasoline shed 1.41 cents to reach $2.663 a gallon.

Home heating oil gained 4.01 cents to settle at $3.078 a gallon.

Natural gas gained 14 cents to hit $4.83 per million British thermal units.

The national average price of unleaded regular gasoline rose to $3.287 per gallon from Wednesday's $3.283, the AAA Daily Fuel Gauge Report said.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
2
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
3
Pizza Hut hoping the "Skinny Slice" will mean big bucks
4
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
5
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
Trending News
Video
x
Feedback