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Crude Oil, Gasoline, Natural Gas Rise

Posted on: Thursday, 27 December 2007, 15:00 CST

Prices for crude oil rose to $96.80 per barrel Thursday on the New York Mercantile Exchange after a report U.S. inventories fell more than expected last month.

Crude oil was up 8.3 cents to $96.80, home heating oil rose 4 cents to $2.68 per gallon, and gasoline was up 3 cents to $2.48 per gallon.

Natural gas prices rose 14.9 cents at $7.195 per million British thermal units in midday trading.

At the pump, the average price of a gallon of unleaded gasoline was $2.981 Thursday, down from $2.973 per gallon Wednesday, the AAA Daily Fuel Gauge Report said.


Source: United Press International

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