Oil at $82.3 on Thursday

Oil at $82.3 on Thursday

Crude oil prices were little changed Thursday morning after oil ministers in Vienna said current production quotas would remain intact. On the New York Mercantile Exchange, April delivery light sweet crude prices swung down from a recent peak of $82.93 per barrel to $82.29 per barrel, off 64 cents. Heating oil prices lost 0.0186 cents to $2.1209 per gallon. Reformulated gasoline blendstock prices shed 0.0177 cents to $2.292 per gallon. Henry Hub natural gas futures lost 0.054 cents to $4.249 per million British thermal units. Oil prices climbed sharply Wednesday after OPEC, the cartel that produces 40 percent of world crude, held current output quotas unchanged despite a recent runup in prices.New York's main contract, light sweet crude for April delivery rose 1.23 dollars to close at 82.93 dollars a barrel. London's Brent North Sea crude for May delivery leapt 1.43 dollars to 81.96 dollars a barrel.   http://tripolipost.com

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