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Crude oil prices ratchet up Wednesday

Crude oil prices ratchet up Wednesday
(UPI Photo Files) | License Photo

NEW YORK, Oct. 29 (UPI) -- Crude oil prices climbed higher on the New York Mercantile Exchange, gaining $1.44 to $66.19 per barrel.

Prices of other energy commodities also rose as U.S. markets posted a mixed day, the Dow Jones industrial average fell 74 points after posting a gain of nearly nearly 900 points Tuesday.

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Tuesday's strong day of trading put new vigor in energy commodities, where prices have fallen for months due to eroding demand.

Heating oil prices also rose $0.089 cents to $2.001 per gallon. Reformulated blendstock gasoline rose 0.0385 cents to $1.533 per gallon. Natural gas prices rose 0.394 cents to $6.778 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.589 Wednesday, down from Tuesday's $2.629 a gallon, AAA said.

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