Arab Today, arab today crude oil tests 85
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Crude oil tests $85

Arab Today, arab today

Arab Today, arab today Crude oil tests $85

New York - UPI

Oil prices climbed overnight, topping $85 per barrel in New York Wednesday in an upswing that is not expected to last. On the New York Mercantile Exchange, West Texas Intermediate crude oil for July delivery added $1.30 to $85.59 per barrel. An investment note from Kase and Co. Inc., said $82.60 would be the top end of a market correction, \"and that the move down will continue sooner than later.\" Taking a long view, \"As expected a correction of the down move is under way,\" the note said. Prices \"could reach $86.80 and higher before the move down continues,\" the note predicted. Natural gas for July delivery added 0.1 cents to $2.422 per million British thermal units. Home heating oil added 0.92 cents to $2.6809 per gallon. RBOB gasoline futures for July delivery added 0.82 cents to $2.6985 per gallon. At the pump, the national average price of unleaded gasoline dropped a half cent to $3.565 per gallon from Tuesday\'s $3.57, AAA said.

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