Arab Today, arab today us crude oil tops 93
Last Updated : GMT 14:48:54
Arab Today, arab today
Arab Today, arab today

US crude oil tops $93

Arab Today, arab today

Arab Today, arab today US crude oil tops $93

New York - UPI

The price of crude oil climbed above $93 per barrel in New York with uncertainty hanging over the eurozone. Lawmakers in Cyprus have rejected a proposal to tax bank deposits to assist in a bailout for the country\'s troubled banks. That has slowed a run toward the U.S. dollar, but also put a $13 billion bailout package in jeopardy. Trader\'s anticipate the U.S. Federal Reserve will continue its accommodating monetary policy with an announcement expected Wednesday afternoon. On the New York Mercantile Exchange, West Texas Intermediate crude oil added 77 cents overnight to reach $93.17 per barrel. Gasoline shed 0.46 cents to $3.493 per gallon. Home heating oil gained 9.87 cents to reach $2.9855 a gallon. Natural gas lost 1.5 cents to hit $3.94 per million British thermal units. At the pump, a gallon of regular unleaded gasoline was $3.697 Wednesday, up from Tuesday\'s $3.692, the AAA Fuel Gauge Report said.

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