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Crude oil holds near $86

Tuesday, October 30, 2012 10:09 AM

NEW YORK, Oct. 30 (UPI) -- Crude oil prices held under $86 per barrel in electronic trading in New York, as commodity trades continued Tuesday while a storm shut down most of Wall Street.

Post tropical storm Sandy forced the closure of equity markets for the second consecutive day -- the first time since 1888 that markets shut down that long due to a weather incident.

But trading on the New York Mercantile Exchange for metals and energy commodities was active.

In mid-morning trade, West Texas Intermediate crude oil for December delivery added 26 cents to $85.80 per barrel. Reformulated gasoline lost 2.69 cents to $2.6142 a gallon. Home heating oil gave up 3.32 cents to hit $3.0541 a gallon.

Natural gas shed 1.15 cents to reach $3.688 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $3.534, down from Monday's $3.543, AAA reported.

(Source: UPI )
(Source: Quotemedia)

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