October 1, 2009

Crude oil price holds steady

Crude oil prices held steady on the New York Mercantile Exchange Thursday after jumping above $70 per barrel in the previous trading session.

The price of light, sweet crude jumped close to $3.50 per barrel Wednesday, but kept within a long-term pattern. The price of oil has bounced between $66 and $74 per barrel for the past month.

Energy prices were relatively stable Thursday, the price of crude oil reaching $70.35 per barrel. Heating oil prices lost 0.0075 cents to $1.8199 per gallon. Reformulated gasoline prices rose 0.008 cents to $1.7499 per gallon. Natural gas prices dropped 0.016 cents to $4.45 per million British thermal units.

At the pump, the national average price of unleaded gasoline was $2.469 Thursday, down from Wednesday's $2.479, AAA said.