News : Business : Oil prices up after four-week low

Oil prices up after four-week low

Friday, 18-Jan-2008 08:25AM EDT
Story from United Press International. Copyright 2008 by United Press International (via ClariNet)

NEW YORK, Jan. 18 (UPI) -- Crude oil futures for February delivery edged back into the $91-a-barrel range early Friday after falling to a four-week low.

Prices picked up $1.01 in electronic trading at the New York Mercantile Exchange to sell at $91.14 a barrel.

Growing U.S. stockpiles and economic concerns sent prices lower Thursday, at one point tumbling into the $89-a-barrel range.

Natural gas was up 0.07 cents to $8.16 per million British thermal units Friday. Heating oil was up 1.67 cents to $2.5202 a gallon. Reformulated gas climbed 2.42 cents to $2.291 a gallon.

U.S. motorists paid an average price of $3.033 a gallon of regular unleaded gasoline at the pump, compared with $3.044 on Thursday, the AAA reported.

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