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Crude oil tops $103

Feb. 19, 2014 at 5:04 PM   |   Comments

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NEW YORK, Feb. 19 (UPI) -- Crude oil and natural gas both traded at 2014 peaks in New York, hitting four and five month highs, respectively, as winter kept a grip on the demand outlook.

On the New York Mercantile Exchange, crude oil added 51 cents to hit $103.42 per barrel. Natural gas, in short supply in some regions, added 56 cents to $6.12 per million British thermal units with the price peaking at midday at $6.256 before settling down.

Reformulated blendstock gasoline prices dropped 1.99 cents to $2.8209 per gallon.

Heating oil prices added 4.67 cents to $3.1537 per gallon.

Natural gas added 36 cents to hit $5.92 per million British thermal units.

At the pump, the national average price for a gallon of unleaded rose from Tuesday's $3.366 per gallon to $3.375, 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.
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