Crude oil pulled within the staring point after slipping
After slipping early in New York on Monday, Crude oil prices pulled to within a penny of its staring point just above $80 per barrel.
The price of March delivery light, helped by a weak dollar and signs of an economic rebound, sweet crude oil was headed higher recently, adding 22 cents to $80.03 per barrel on the New York Mercantile Exchange. Heating oil prices rose 0.0051 cents to $2.075 per gallon. Reformulated gasoline blendstock prices gained 0.0246 cents to $2.1103 per gallon. Natural gas prices lost 0.129 cents to $4.915 per million British thermal units.
Which is the first week of strong gains since the second week in January, U. S. equity markets rose last week after a month long downward trend.
According to reports of AAA, at the pump, the national average price of unleaded gasoline was $2.648 per gallon, up from Sunday's $2.642. (With Input from Agencies)