NEW YORK, Oct. 28 (UPI) -- The price of crude oil made gains in New York Monday as traders pounced on low prices and an industrial production report came in higher than expected.
Production in the oil-dependent industrial sector rose 0.6 percent in September, the U.S. Federal Reserve reported. The figure beat expectations by 0.2 percentage points.
On the New York Mercantile Exchange, West Texas Intermediate crude added 87 cents to reach $98.82 per barrel. Home heating oil added a 5.37 cents to reach $2.9634 a gallon. Reformulated blendstock gasoline added 5.02 cents reach $2.6373 a gallon.
Natural gas dropped 14 cents to settle at $3.57 per million British thermal units.
At the pump, the national average price of unleaded gasoline dropped to $3.285 per gallon from Sunday's $3.393, the AAA Daily Fuel Gauge Report said.
