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Crude oil moves higher with fiscal cliff-dodging bill
NEW YORK, Jan. 2 () -- Crude oil prices hovered near $93 per barrel Wednesday in New York, energy prices jumping in reaction to a tax deal announced in Washington.The reaction is largely one of relief, as Congress increased the tax rate for couples earning $450,[url=http://www.christianelouboutinoutlet.com]Cheap Christian Louboutin Shoes[/url],000 or more per year, but left taxes low for the middle class.The bill also dodges a default budget that was considered a "fiscal cliff," given the spending cuts and tax hikes were predicted to send the U.S. economy back into a recession.On the New York Mercantile Exchange, West Texas Intermediate crude oil for February delivery added 95 cents to $92.80 per barrel. Home heating oil for February added .92 cents to $3.041 a gallon. Reformulated blendstock gasoline added 3.61 cents to $2.7978 a gallon.Natural gas prices held steady at $3.225 per million British thermal units.At the pump,[url=http://www.christianelouboutinoutlet.com]Christian Louboutin Clearance[/url], AAA reported the national average price for regular unleaded gasoline slipped to $3.291 per gallon from Tuesday's $3.292.
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