Crude oil prices held under $100 per barrel Wednesday, keeping within its 2012 trading range. Prices rose overnight as economic data from Europe encouraged investment. But gains were held in check by long-term concerns over the sluggish recovery. Better-than-expected manufacturing data from Britain and Germany gave stocks in Europe a boost. On the New York Mercantile Exchange, West Texas Intermediate crude for March delivery added 57 cents to reach $99.05 per barrel. Home heating oil gained 2.36 cents to $3.0745 per gallon. Reformulated blendstock gasoline gained 4.01 cents to $2.931 per gallon. Henry Hub natural gas prices shed 0.69 cents to $2.434 per million British thermal units. At the pump, the national average price of unleaded gasoline rose to $3.45 per gallon Wednesday from Tuesday's $3.443, AAA said.
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OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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