crude oil hovers near 106
Friday 25 July 2025
Last Updated : GMT 05:17:37
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Crude oil hovers near $106

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Emiratesvoice, emirates voice Crude oil hovers near $106

New York - UPI

Crude oil prices held near $106 a barrel Wednesday as the dollar index moved higher, gaining 0.1 percent to 79.20. The index that measures the dollar against six major currencies has an inverse effect on the price of commodities that are traded in U.S. dollars. A weaker dollar usually makes those commodities more attractive to foreign buyers. On the New York Mercantile Exchange, light, sweet, West Texas Intermediate crude hit a peak of $106.72 per barrel, before settling at $106.10 per barrel. Home heating oil shed 0.5 cents to $3.26 per gallon. Reformulated gasoline shed 0.39 cents to $3.2591 per gallon. Henry Hub natural gas prices gained 0.9 cents to $2.652 per million British thermal units. At the pump, the national average price of unleaded gasoline climbed nine-tenths of a cent to $3.579 per gallon Wednesday from Tuesday\'s $3.57, AAA said.

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