Oil prices open slowly, remain at $87
Concerns over inventories and a possible Turkish attack on Kurdish rebels in northern Iraq kept crude oil prices at more than the $87 level Thursday.
Light sweet crude slipped 4 cents in early trading on the New York Mercantile Exchange to sell for $87.36 a barrel. A surge in prices Wednesday reached a record $89 before easing.
Natural gas dropped 0.07 cents to $7.39 per million British thermal units. Heating oil was down 0.54 cents to $2.3125 a gallon and reformulated gas dropped 0.66 cents to $2.14 a gallon.
U.S. motorists paid an average of $2.795 for a gallon of regular unleaded gasoline at the pump, up from Wednesday’s $2.776. // Copyright 2007 by United Press International
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