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Jan. 23, 2014 / 5:52 PM

Crude oil tops $97 Thursday

A Shell gasoline station displays prices exceeding three dollars per gallon in Chicago on July 15, 2009. (UPI Photo/Brian Kersey)

A Shell gasoline station displays prices exceeding three dollars per gallon in Chicago on July 15, 2009. (UPI Photo/Brian Kersey) | License Photo

NEW YORK, Jan. 23 (UPI) -- Crude oil prices rose in New York Thursday, topping $97 per barrel after the Energy Information Administration reported a slight inventory gain.

The EIA, in a weekly report delayed a day due to the Dr. Martin Luther King Jr. holiday, said inventories rose by 1 million barrels to 351.2 million, remaining in the upper half of the average range for this time of year.

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Light, sweet West Texas Intermediate crude on the New York Mercantile Exchange gained 66 cents Thursday to hit $97.39 per barrel.

Gasoline shed 1.41 cents to reach $2.663 a gallon.

Home heating oil gained 4.01 cents to settle at $3.078 a gallon.

Natural gas gained 14 cents to hit $4.83 per million British thermal units.

The national average price of unleaded regular gasoline rose to $3.287 per gallon from Wednesday's $3.283, the AAA Daily Fuel Gauge Report said.

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