Money Matters - Simplified

Crude oil prices at $87 per barrel

New York -- Crude oil prices settled near $87 per barrel Wednesday morning as the dollar index climbed 0.24 percent.

Crude oil peaked at $87.45 and hit a low for the session at $86.10 per barrel. In recent trading, prices gained 31 cents to $87.03 per barrel on the New York Mercantile Exchange.

Heating oil prices added 1.23 cents to a prior settlement to $2.419 per gallon. Reformulated gasoline blendstock prices rose 1.88 cents to $2.2038 per gallon.

Henry Hub natural gas prices shed 2.4 cents to $4.186 per million British thermal units.

At the pump, the national average price of unleaded gasoline reached $2.863 per gallon from Tuesday's $2.857, AAA said.

Copyright 2010 United Press International

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