UNION PACIFIC <UNP> RAISES CRUDE OIL PRICES
Union Pacific Resources, formerly
Champlin Petroleum, said it raised posted prices for crude oil
by 50 cts a barrel, effective yesterday.
The price increase brings West Texas Intermediate, the U.S.
benchmark grade, to 19.00 dlrs a barrel.
The posted price increase follows a similar move by several
other oil companies.
Sun Co was the first to raise crude oil postings yesterday
afternoon and today many other companies are following.
The last price increase made by oil companies was around
May 22.