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Crude oil hovers near $102

Feb. 25, 2014 at 5:32 PM   |   Comments

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NEW YORK, Feb. 25 (UPI) -- Crude oil prices hovered near the $102 per barrel plateau Tuesday as a consensus forecast calls for a rise in U.S. inventories for the week.

The Energy Information Administration is expected to peg inventories as higher for the sixth consecutive week, as winter winds down and refineries enter the annual maintenance season.

On the New York Mercantile Exchange, crude oil gave up 71 cents to $102.06 per barrel.

Natural gas gave up 48 cents to $5 per million British thermal units.

Reformulated blendstock gasoline prices dropped 3.47 cents to $2.7981 per gallon.

Heating oil prices added 1.41 cents to $3.109 per gallon.

At the pump, the national average price for a gallon of unleaded rose from Monday's $3.419 per gallon to $3.426, the AAA Daily Fuel Gauge Report said.

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