Oil Back Over $90 Mark

Crude oil futures edged over the $90 level early Friday in electronic trading on the New York Mercantile Exchange.

Prices were up 62 cents at $90.03 a barrel, continuing the upward trend that gave crude its first positive day in three sessions and coming after release of data showing surprisingly robust U.S. inventories.

Other major commodities also were moving up.

Heating oil was up 2.84 cents at $2.4967 a gallon.

Reformulated gas gained 1.65 cents at $2.2993 a gallon.

Natural gas was up 0.05 cent at $7.85 per thousand British thermal unit.

At the pump, the average U.S. price for one gallon of regular unleaded gasoline dipped just below the $3 mark at $2.998, a slight drop from Thursday.

Copyright 2008 by United Press International

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Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours