NEW YORK, Oct. 5 (UPI) -- Crude oil prices rose above $82 per barrel Tuesday after the Bank of Japan cut its lending rate from 0.1 percent to zero to 0.1 percent.
The move sent Japanese stocks higher and pushed the yen lower, as currency traders sold yen to find better returns elsewhere.
The Nikkei 225 index in Tokyo rose 1.47 percent. The Shanghai composite index in China also put on a burst of steam, rising 1.72 percent.
On the New York Mercantile Exchange, the price of November delivery light, sweet crude added 64 cents to $82.11 per barrel. Heating oil prices gained 0.57 cents to $2.2904 per gallon. Reformulated blendstock gasoline prices dropped 0.06 cents from a recent settlement to $2.0927 per gallon.
Henry Hub natural gas prices shed 1.5 cents to $3.712 per million British thermal units.
At the pump, the national average price of unleaded gasoline rose to $2.732 per gallon from Monday's $2.718, AAA said.
