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)
Read more Business News
- Killer spongesBC - 6:45 am
- Sunken ferry capt. arrestedWorld
- Hearing set for BobbittPenticton / S. Okanagan
- Breach by sex offenderBC
|QHR Technologies Inc||1.29||+0.07|
|Anavex Life Sciences||0.375||0.00|
|Copper Mountain Mining||2.35||-0.07|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.25||+0.02|
With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...
How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...
The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...