Crude oil tops $94 per barrel

Motorists flock to lower priced gas stations in Denver on April 15, 2011. Consumers paid an average price of $3.31 a gallon nationwide on Thursday according to the travel group AAA. UPI/Gary C. Caskey?

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Published: Jan. 10, 2013 at 7:00 PM

NEW YORK, Jan. 10 (UPI) -- Crude oil prices closed in on $94 Thursday in New York, as traders weighed positive corporate reports against a modest buildup in inventories.

West Texas Intermediate crude oil on the New York Mercantile Exchange added 75 cents to $93.85 per barrel despite Wednesday's Energy Information Administration report that said crude oil stockpiles added 1.3 million barrels in the week to reach 361.3 million.

Gasoline added 0.8 cents to $2.7853 a gallon. Home heating oil gained 0.54 cents to $3.0597 a gallon.

The price of natural gas shed 1 cent in late trading to $3.183 per million British thermal units.

At the pump, AAA reported the national average price for regular unleaded gasoline rose to $3.31 per gallon from Wednesday's $3.304.

Source: http://www.upi.com/Business_News/2013/01/10/Crude-oil-tops-94-per-barrel/UPI-34331357832636/

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