Crude Oil Prices Climb Tuesday

NEW YORK, March 23 (UPI) — Crude oil prices for May delivery held above $81 in New York Tuesday as U.S. equity markets posted another positive day.

The Dow Jones industrial average reached a 17-month high, closing at 10,888.83. It was the 10th gain in the DJIA in the past 11 sessions.

Light, sweet crude oil prices hit a midday high at $82.20 per barrel, but settled in recent trading at $81.71 on the New York Mercantile Exchange.

May delivery heating oil futures dropped 0.0035 cents to $2.1108 per gallon. Reformulated gasoline blendstock for May fell 0.0078 cents to $2.2534 per gallon. Henry Hub natural gas prices for May rose 0.006 cents to $4.196 per million British thermal units.

At the retail level, the average national price for unleaded gasoline was $2.816 per gallon Tuesday, down from Monday’s $2.82, AAA said.

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Categorized | Natural Gas, Other
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