27.2 F
Indianapolis
Wednesday, April 21, 2021

Oil settles above $80 a barrel

More by this author

Energy prices increased Wednesday as the dollar weakened and oil refineries increased production ahead of the traditionally busy summer driving season.

Prices rose as the euro pushed higher against the dollar after Greece announced a stripped-down budget to tame its massive deficit. Prices stayed high as the Energy Information Administration reported that refineries increased operations for the fourth week in a row.

Here’s a breakdown of how energy prices traded Thursday:

On the New York Mercantile Exchange:

Crude: climbed $1.19 to settle at $80.87 a barrel.

Gasoline: gasoline gained 5.1 cents to settle at $2.2476 a gallon.

Heating oil: rose 3.76 cents to settle at $2.0937 a gallon.

Natural gas: advanced 4.9 cents to settle at $4.757 per 1,000 cubic feet.

On the ICE futures exchange:

Brent crude: added $1.07 to settle at $79.25.

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

- Advertisement -

Upcoming Online Townhalls

- Advertisement -

Subscribe to our newsletter

To be updated with all the latest local news.

Stay connected

16,331FansLike
3,142FollowersFollow
6,311FollowersFollow
14SubscribersSubscribe

Related articles

Popular articles

Español + Translate »
Skip to content