Crude Oil Prices Gain on Wednesday
Posted on: Wednesday, 23 April 2008, 18:00 CDT
Crude oil prices climbed Wednesday, but closed shy of the record of nearly $120 a barrel set Tuesday.
The U.S. Energy Information Administration said crude supplies rose 2.4 million barrels during the week ending April 18, easing pressure on crude prices slightly.
On the exchange, the price of crude oil reached $118.21 per barrel Wednesday, up 75 cents from the morning price of $117.46.
Heating oil prices rose 0.0005 cents in late trading to $3.3255 cents per gallon. Reformulated blendstock gasoline prices fell 0.0042 cents to $3.0465 per gallon. Natural gas prices gained 0.044 cents $10.825 per million British thermal units.
At the pump, the national average price of a gallon of regular unleaded gasoline was a record $3.533 per gallon Wednesday, up from $3.511 per gallon, AAA said.
Source: United Press International
Related Articles
- Crude Prices Oil Drop Slightly Wednesday
- Drivers Should Expect Record Gas Prices in Spring If Crude Price Stays High
- Canada's Annual Inflation Rate Unchanged in March at 2.2 Per Cent
- Average Gasoline Prices Up 3.8 Per Cent in Canada to $1.079 Over Week Before
- Cheaper Gasoline Pushes February Inflation Rate Down to 2.2 Per Cent
- Melville, N.Y.-Area Gas Prices Jump 6 Cents a Gallon
- Slower Rise in Gasoline Prices Holds Annual Inflation Rate to Two Per Cent
- Nepal's Central Bank Says Inflation Over 5 Per Cent Due to Oil Price Rise
- Inflation May Top 3 Per Cent but We Are a Long Way From the 1970s
- Jamaicans Hit By 8 Per Cent Increase in Petrol Prices
User Comments (0)
RSS Feeds