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Crude oil clips up toward $103

Feb. 18, 2014 at 5:47 PM   |   Comments

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NEW YORK, Feb. 18 (UPI) -- Crude oil traded close to $103 per barrel Tuesday, gaining 2.6 percent in New York with demand high and the U.S. dollar low.

Winter weather is putting upward pressure on pricing. In addition, the dollar index, a pro-rated measure of the dollar against six major currencies, was near a six-week low, dropping 0.19 percent to 80.01.

West Texas Intermediate crude oil gained $2.61 to $102.91 per barrel. Reformulated blendstock gasoline prices added 3.55 cents to $2.8408 per gallon.

Heating oil prices picked up 2.88 cents to $3.1070 per gallon.

Natural gas added 35 cents to hit $5.56 per million British thermal units.

At the pump, the national average price for a gallon of unleaded rose from Monday's $3.358 per gallon to $3.366, the AAA Daily Fuel Gauge Report said.

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