Crude oil prices up slightly
Posted on: Tuesday, 23 December 2008, 07:12 CST
Crude oil prices rose Tuesday morning on the New York Mercantile Exchange, rising 32 cents to $40.11 per barrel.
Prices have fallen dramatically from a peak above $147 in July, but may head up as the Organization of Petroleum Exporting Countries announced production cuts which take effect after the new year.
Heating oil prices gained 0.0117 cents overnight to $1.3532 per gallon. Reformulated blendstock gasoline rose 0.0138 cents to 90 cents per gallon. Natural gas prices 0.065 cents to $5.359 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $1.659 Tuesday, down from Monday's $1.663 a gallon, AAA said.
Source: United Press International
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