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Crude oil prices steady Wednesday | The Money Times

Money Matters - Simplified

Crude oil prices steady Wednesday

New York -- Crude oil prices held steady on the New York Mercantile Exchange overnight with equities mixed in Asia and Europe and the dollar index up 0.25 percent.

Traders are waiting for an afternoon report on U.S. energy stockpiles and keeping an eye on weather reports that presume a seasonal increase in a demand for heating oil.

January delivery light, sweet crude oil in New York added 2 cents overnight to $88.71 per barrel. Heating oil prices rose 0.38 cents to $2.474 per gallon. Reformulated gasoline blendstock prices lost 0.2 cents to $2.321 per gallon.

Henry Hub natural gas prices added 15.9 cents to $4.552 per million British thermal units.

At the retail level, the national average price of unleaded gasoline at gas stations added one penny, rising from $2.958 per gallon to $2.968, AAA said.

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

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Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

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