Advertisement

Crude oil in holding pattern

NEW YORK, June 26 (UPI) -- West Texas Intermediate crude oil held to less than $80 per barrel Tuesday ahead of a European summit that could alter the economic landscape of the eurozone.

Regardless of the odds of a radical policy shift, which is not widely expected, traders are hunkering down, likely to avoid big moves until the Thursday and Friday summit is complete.

Advertisement

Crude oil for August delivery hit a trading session added 8 cents to $79.44 per barrel. Home heating oil added 0.52 cents to reach $2.5784 per gallon.

Reformulated blendstock gasoline gained 0.49 cents to $2.5278 per gallon.

Natural gas for July delivery rose 1.1 cents to $2.778 per million British thermal units.

At the pump, the national average price of unleaded gasoline fell to $3.397 Tuesday from Monday's $3.411, AAA said.

Latest Headlines

Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement