facebook
twitter
rss
account
search
search
 

Crude oil stays on $102 plateau in New York market

Feb. 26, 2014 at 4:48 PM   |   Comments

NEW YORK, Feb. 26 (UPI) -- Crude oil prices stayed on the $102 per barrel plateau Wednesday in New York with an inventory build coming in shy of expectations.

The U.S. Energy Information Administration said inventories rose by 100,000 barrels in the week to 362.4 million barrels.

Traders had expected a gain of about 1.1 million barrels.

On the New York Mercantile Exchange, crude oil gained 45 cents to reach $102.51 per barrel.

Natural gas gave up 14 cents to settle at $4.86 per million British thermal units.

Reformulated blendstock gasoline prices dropped 0.26 cents to end at $2.7955 per gallon.

Heating oil prices finished the day at $3.1261 per gallon, up 1.71 cents.

At the pump, the national average price for a gallon of unleaded rose from Tuesday's $3.426 per gallon to $3.432, 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.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback