Oil prices jump on Middle East tensions

NEW YORK, Aug. 27 (UPI) —


Crude oil for October delivery jumped above $108 per barrel in New York as tension in Syria raised the prospects of a supply disruption.




West Texas Intermediate crude oil added $2.71 to $108.63 per barrel, close to a five-month high.




Reformulated blendstock gasoline gained 6.15 cents to reach $2.896 per gallon. Home heating oil added 6.27 cents to reach $3.1462 per gallon.




Natural gas shed 4.8 cents to $3.465 per million British thermal units.




At the pump, the national average price for a gallon of unleaded regular gasoline was $3.542, up from Monday’s $3.541, the AAA Fuel Gauge report said.




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