U.S. oil prices near all-time high

U.S. oil prices near all-time high
NEW YORK, Sept. 5 (UPI) --

U.S. oil prices rose further above $75 near an all-time high Wednesday on fears U.S. crude and gasoline supplies fell and OPEC won't boost production.

The U.S. Energy Department is to release its weekly oil-stocks report Thursday and Qatar's energy minister said Tuesday the Organization of the Petroleum Exporting Countries didn't plan to raise output when its members meet next week.

Light, sweet crude for October delivery rose 10 cents, or 0.13 percent, to $75.18 a barrel in mid-morning trading on the New York Mercantile Exchange.

October natural gas climbed 5 cents, or 0.91 percent, to $5.68 per 1,000 cubic feet.

Heating oil added 1.1 cents, or 0.53 percent, at $2.0905 a gallon.

Reformulated-gasoline blendstock for oxygen blending added 0.05 cents, or 0.03 percent, to $1.9915 a gallon.

AA said the average U.S. retail regular unleaded gasoline price was $2.792 a gallon, up 1.3 cents from Tuesday's $2.779 a gallon.