Saturday, May 23rd16.2°C
26412
26319

Pump prices slipped average 4 cents in January as cold weather kept drivers home; oil lower

NEW YORK, N.Y. - Benchmark West Texas Intermediate crude for March delivery fell 74 cents to close at US$97.49 a barrel on Friday, closing out a month in which crude finished 93 cents US lower than in December.

Brent crude, used to set prices for international varieties of crude, fell $1.55 to US$106.40 a barrel in London on Friday, down four per cent for the month.

Meanwhile, the severe cold sent the price of heating fuels soaring.

Natural gas, used for heat by almost half of U.S. residences, rose 17 per cent for the month to US$4.94 per 1,000 cubic feet. The price hit a four-year high of US$5.56 per 1,000 cubic feet on Wednesday.

In other trading Friday trading on the New York Mercantile Exchange, wholesale gasoline retreated four cents to US$2.63 a U.S. gallon (3.79 litres) and heating rose six cents to US$3.28 a gallon.

(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS), (TSX:CVE)

The Canadian Press


Read more Business News

26416


Recent Trending




Today's Market
S&P TSX15200.76-2.85
S&P CDNX703.48+2.97
DJIA18232.02-53.72
Nasdaq5089.36-1.43
S&P 5002126.06-4.76
CDN Dollar0.8142-0.0053
Gold1205.70+1.30
Oil57.45-1.98
Lumber273.30+3.70
Natural Gas2.885-0.064

 
Okanagan Companies
Pacific Safety0.13-0.01
Knighthawk0.010.00
QHR Technologies Inc1.48+0.03
Cantex0.03-0.01
Anavex Life Sciences0.425+0.053
Metalex Ventures0.09+0.01
Russel Metals25.79-0.03
Copper Mountain Mining1.38-0.03
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



25608

FEATURED Property
2189359874 Manhattan Drive
3 bedrooms 3 baths
$1,549,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_



26363

26363


Member of BC Press Council


25479