Sunday, September 21st8.5°C
23284
22754

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

22417


Recent Trending




Today's Market
S&P TSX15265.35-200.19
S&P CDNX955.06-10.73
DJIA17279.7413.75
Nasdaq4593.426-13.637
S&P 5002010.40-0.96
CDN Dollar0.9126+0.0004
Gold1216.90-10.00
Oil92.45-0.62
Lumber329.00-0.90
Natural Gas3.911-0.064

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.37+0.05
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.75-1.26
Copper Mountain Mining2.66-0.02
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



21097

FEATURED Property
1989156Great Strata Alterntative
$399,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...

_








Member of BC Press Council


22267