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Crude oil inches higher

Friday, July 27, 2012 10:03 AM

NEW YORK, July 27 (UPI) -- Crude oil prices held close to $90 per barrel Friday morning, while equity markets climbed higher in Asia and Europe.

After European Central Bank President Mario Draghi commented on Thursday the bank would do "whatever it takes" to support the euro, speculation has heated up with analysts predicting the bank is preparing to buy Spanish and Italian debt.

On the New York Mercantile Exchange, September delivery West Texas Intermediate crude oil added 34 cents to $89.73 per barrel. Reformulated blendstock gasoline gained 2.09 cents to $2.7579 per gallon. Home heating oil added 0.79 cents to $2.8773 per gallon.

Natural gas was at $3.028 per million British thermal units, off 6.2 cents.

At the pump, the national average price of unleaded gasoline dipped slightly to $3.488 per gallon from Thursday's $3.49, AAA said.

(Source: UPI )
(Source: Quotemedia)

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