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Crude oil rises as consumer spending beats expectations
NEW YORK, April 29 () -- Crude oil prices headed higher Monday in New York,[url=http://www.ksacinc.com/christianlouboutindiscount]christian louboutin discount[/url], topping $94 per barrel, on positive economic data.The Commerce Department said consumer spending rose more than expected in March. Economists had expected no growth in spending,[url=http://www.ksacinc.com/cheapgucci/?]cheap gucci bags[/url], but it rose 0.2 percent.The oil industry is in its spring lull,[url=http://www.tymarc.com/]christian louboutin outlet[/url], between demand peaks. In the spring, demand for heating oil drops. Demand for gasoline is stagnant, with the summer driving season still a month away.On the New York Mercantile Exchange, West Texas Intermediate crude oil added $1.63 to $94.41 per barrel.Gasoline prices shed 1.04 cents to $2.8156 a gallon.Home heating oil dropped 3.24 cents to $2.8651 a gallon, off 3.24 cents.Natural gas gained 13.1 cents to reach $4.374 per million British thermal units.At the pump, the average price of a gallon of regular unleaded gasoline was $3.50 Monday, unchanged from Sunday,[url=http://www.panyam.com/]cheap gucci shoes[/url], the AAA Fuel Gauge Report said.