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Friday markets

Oil edges up in thin post-holiday trade

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[December 02, 2013]  NEW YORK (AP) Oil remained below $93 a barrel Friday, in light trading a day after the Thanksgiving holiday in the U.S.

For the week, oil fell by $2.32 a barrel.

At the gas pump, the average price of a gallon of gasoline is $3.28. That's up 4 cents from a week ago, but down 13 cents from this time last year.

The nationwide average is the cheapest for the day after Thanksgiving since 2010.

Benchmark U.S. crude for January delivery rose 42 cents to close at $92.72 a barrel Friday on the New York Mercantile Exchange.

Brent crude, a benchmark for international oils, was down $1.17 at $109.69 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

  • Wholesale gasoline fell 3 cents to $2.66 a gallon.

  • Heating oil fell 1 cent at $3.03 a gallon.

  • Natural gas rose 5.9 cents to $3.95 per 1,000 cubic feet.

[Associated Press]

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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