OCR Text |
Show CRUDE OIL PRICES BEING ADVANCED PITTSBURG, Dec. 4. The principal grades of crude oil were advanced by the purchasing agencies hero today, making tho now prices as follows: Pennsylvania crude, 25 cents to $3.75; Corning, 20 cents to $2.80; Cabel. 15 cents to $2.72; Somerset, 15 cents to $2.55; Ragland, 10 cents to $1.20. The advance came as a complete surprise to producers and refiners who, when the high point was reached by the inorease announced August 20 last, believed the market had reached the top. No cause other than scarcity was assigned by the purchasers. nn |