Oil registers new intraday high of USD 82.51
Oil registers new intraday high of USD 82.51 Oil prices touched record highs for the seventh day on Wednesday (September 19) after news of new outages in California and Texas; coupled by the government reporting surprisingly large declines in oil inventories. Oil futures jumped to a new trading high of USD 82.51 a barrel in the moments after the inventory report was released in the morning, Light, sweet crude for October delivery rose 42 cents, to settle at a record USD 81.93 a barrel on the New York Mercantile Exchange (NYMEX). NYMEX gasoline rose 3.31 cents, to settle at USD 2.0934 a gallon. At the pump, gas price s rose 0.3 cents, overnight to a national average of USD 2.79 a gallon. Heating oil futures rose 0.3 cents, to settle at USD 2.2453 a gallon. NYMEX natural gas futures fell 38.8 cents, to settle at USD 6.18 per 1,000 cubic feet. In London, November Brent crude rose 88 cents, to settle at USD 78.47 a barrel on the ICE Futures exchange.
