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Crude oil prices hold steady

NEW YORK, May 12 (UPI) -- Crude oil prices held steady in New York Thursday, settling under $99 per barrel after the Energy Information Administration said inventories grew last week.

The EIA said U.S. stockpiles of crude oil rose by 3.8 million barrels to 370.3 million last week.

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On the New York Mercantile Exchange, June delivery West Texas Intermediate crude oil lost 24 cents to reach $98.89 per barrel. Home heating oil added 0.24 cents to $2.9161 per gallon. Reformulated blendstock gasoline prices shed 0.29 cents to $3.061 per gallon.

Natural gas prices lost 0.1 cent to $4.193 per million British thermal units.

At the retail level, unleaded gasoline prices moved higher with the national average price coming within 1.6 cents of $4 per gallon.

Prices at the pump averaged $3.984 per gallon, up from Wednesday's $3.962, AAA said.

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