Economy- NYMEX crude oil drops slightly – UPI.com

Posted: May 9, 2013 in Uncategorized

May 7, 2013

NEW YORK, May 7 (UPI) — Crude oil prices held above $95 per barrel Tuesday on the New York Mercantile Exchange as equities rallied further on Wall Street.

The Dow Jones industrial average of blue-chip stocks closed above 15,000 for the first time Tuesday, emblematic of the recent equity market optimism.

West Texas Intermediate crude oil shed 41 cents to reach $95.56 per barrel.

Gasoline prices lost 5.08 cents to $2.827 a gallon. Home heating oil gained 3.06 cents to $2.9206 a gallon. Natural gas shed 9 cents to $3.927 per million British thermal units.

At the pump, the average price of a gallon of regular unleaded gasoline was $3.521 Monday, up from Sunday’s $3.52, the AAA Fuel Gauge Report said.

http://www.upi.com/Business_News/2013/05/07/Crude-oil-holds-above-95/UPI-27391367963887/

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