Arab Today, arab today crude oil back near 100
Last Updated : GMT 23:00:15
Arab Today, arab today
Arab Today, arab today

Crude oil back near $100

Arab Today, arab today

Arab Today, arab today Crude oil back near $100

New York - UPI

Crude oil prices rebounded Wednesday morning, closing in on $100 per barrel as stocks markets showed gains in Asia and Europe. A weekly U.S. inventory report is issued late Wednesdays. A rise before the report, like the tail wagging the dog, can indicate that traders believe supplies are down. Light, sweet crude oil on the New York Mercantile Exchange added $1.31 overnight to reach $99.62 per barrel. Home heating oil gained 0.33 cents to $3.1942 per gallon. Reformulated blendstock gasoline gained 1.04 cents to $2.9379 per gallon. Natural gas prices gained 0.2 cents to $2.474 per million British thermal units. At the pump, the national average price of unleaded gasoline rose to $3.483 per gallon Wednesday from Tuesday\'s $3.48, AAA said.

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