Money Matters - Simplified

Crude oil hovers near $88

New York -- Crude oil prices hovered near $88 per barrel on the New York Mercantile Exchange Friday morning with little price movement.

January delivery light,sweet crude oil added 16 cents overnight to $88.01 per barrel. Heating oil prices gained 0.04 cents to $2.455 per gallon. Reformulated gasoline blendstock prices fell 1.93 cents to $2.2336 per gallon.

Henry Hub natural gas prices gained 2.6 cents to $4.369 per million British thermal units.

At the pump, the national average price of unleaded gasoline reached $2.90 per gallon from Thursday's $2.879, AAA said.

Copyright 2010 United Press International, Inc. (UPI).

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