Crude Oil Prices Slip As Dollar Rises

NEW YORK, March 25 (UPI) — Crude oil prices for May delivery fell to nearly $80 per barrel in New York as the dollar index gained 0.36 percent.

Prices were also weighed down by Wednesday’s inventory report. The U.S. Energy Information Administration said crude oil supplies rose by 7.3 million barrels in the week ending March 19.

Light, sweet crude oil prices dropped 33 cents from a recent settlement to $80.28 per barrel on the New York Mercantile Exchange.

May delivery heating oil futures lost 0.0062 cents to $2.0645 per gallon. Reformulated gasoline blendstock for May shed 0.008 cents to $2.2145 per gallon. Henry Hub natural gas prices for May lost 0.128 cents to $4.026 per million British thermal units.

At the retail level, the average national price for unleaded regular gasoline was $2.813 per gallon Thursday, down from Wednesday’s $2.816, AAA said.

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Categorized | Natural Gas, Other
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