Crude Oil Holds Steady
Source: UPI (4/21/11)
"Prices were supported Thursday by the weekly stockpile report."
Prices were supported Thursday by the weekly stockpile report, which said U.S. inventories dropped by 2.3 million barrels in the week ending April 15. A weaker dollar has also helped prop up prices.
On Thursday morning, May delivery crude oil in New York fell slightly, losing $0.12 to reach $111.13 per barrel. Home heating oil lost $0.24 to $3.2118 per gallon. Reformulated blendstock gasoline shed $0.43 to $3.2441 per gallon.
Natural gas prices rose, adding $0.01 to $4.321 per million British thermal units.
At the pump, the national average price of unleaded gasoline rose to $3.84 per gallon from Wednesday's $3.837, AAA said.