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Crude oil prices steady

Sat, 16/10/2010 - 10:08 by Rakhi

New York -- Crude oil prices held steady Friday, hanging around $83 per barrel after the Organization of Petroleum Exporting Countries left production quotas unchanged.

Oil ministers from the OPEC cartel meet in Vienna Thursday, electing to keep production steady, citing the uncertainty of the global economic recovery.

Oil prices were little changed with November delivery light, sweet crude adding 1 cent to $82.70 per barrel from a recent settlement. Heating oil prices lost 0.89 cents to $2.275 per gallon. Reformulated gasoline blendstock rose 0.76 cents to
$2.1441 per gallon. Henry Hub natural gas prices lost 4.2 cents to $3.615 per
million British thermal units.

At the pump, the national average price of unleaded gasoline added a half a cent, climbing to $2.833 per gallon from Thursday's $2.828, AAA said

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

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