Crude oil holds near $92

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Crude oil holds near $92

Posted on Sep 25, 2012 in Business | 0 comments


Numbers are displayed on an electronic sign at the NYMEX as oil nears $104 per barrel on March 4, 2008 in New York. Oil prices continued to rise ahead of the OPEC production meeting where it is predicted that OPEC will not increase oil supply to ease record-high prices. (UPI Photo/Monika Graff)

Crude oil prices moved up and down Tuesday but closed 40 cents lower than Monday, as oil remained within reach of $92 per barrel.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for November delivery shed 40 cents to $91.70. Natural gas prices shed 2.2 cents to $3.509 per million British thermal units. Home heating oil shed 1.03 cents to $3.14255 per gallon. Reformulated blendstock gasoline lost 5.09 cents to $2.8692 per gallon.

At the pump, the average price for a gallon of regular unleaded gasoline was $3.78 per gallon, down from Monday”s $3.782, AAA reported.

Copyright 2012 by United Press International