Arab Today, arab today us crude oil tops 95 barrel
Last Updated : GMT 10:43:16
Arab Today, arab today
Arab Today, arab today

US crude oil tops $95% barrel

Arab Today, arab today

Arab Today, arab today US crude oil tops $95% barrel

New York - UPI

Crude oil prices topped $95 per barrel in New York Thursday as an extended stock rally on Wall Street stalled for the day. The Energy Information Administration reported a decline in stockpiles of 600,000 barrels to 394.9 million barrels. Supplies however, are above the upper limit of the average range for this time of year. Traders are focused on demand expectations, as well. The Labor Department reported consumer prices fell 0.4 percent March to April with an 8.1 percent drop in gasoline prices that could boost driving as spring slides into summer. On the New York Mercantile Exchange, West Texas Intermediate crude oil added 83 cents to $95.13 per barrel. Gasoline prices added 1.8 cents to $2.8847 a gallon. Home heating oil added 2.3 cents to $2.9069 a gallon. Natural gas lost 12.3 cents to reach $3.947 per million British thermal units. At the pump, the average price of a gallon of regular unleaded gasoline was $3.601 Thursday, up from Wednesday\'s $3.588, the AAA Fuel Gauge Report said.

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