
Crude Oil Prices Edge Higher
Light, sweet crude oil futures rallied slightly Tuesday, but Brent contracts continued dropping and the rest of the energy complex was having a mixed session.
As the day wound down at the New York Mercantile Exchange, West Texas crude was up 95 cents at $88.76 a barrel. Brent, however, was dropping $7.15 to $83.10.
Heating oil was up 1 cent at $2.48 a gallon, while reformulated gasoline was off 3 cents to $2.02 a gallon. Natural gas was losing 4 cents at $6.80 per million British thermal units.
Turning to stocks,
Exxon Mobil
(XOM) - Get Report
was up 2.5%, and
Chevron
(CVX) - Get Report
was slipping 0.4%.
ConocoPhillips
(COP) - Get Report
edged down 0.2%.
Refiners
Tesoro
(TSO)
and
Valero
(VLO) - Get Report
gave back 5% and 2%, respectively. The
U.S. Oil
(USO) - Get Report
ETF, which tracks crude prices, ticked up 0.5%.
Elsewhere in commodities, gold was up $1 to $883 an ounce, and silver was adding 4 cents to $11.42 an ounce.
This article was written by a staff member of TheStreet.com.