US crude oil tops $93

The price of crude oil climbed above $93 per barrel in New York with uncertainty hanging over the eurozone. Lawmakers in Cyprus have rejected a proposal to tax bank deposits to assist in a bailout for the country's troubled banks. That has slowed a run toward the U.S. dollar, but also put a $13 billion bailout package in jeopardy. Trader's anticipate the U.S. Federal Reserve will continue its accommodating monetary policy with an announcement expected Wednesday afternoon. On the New York Mercantile Exchange, West Texas Intermediate crude oil added 77 cents overnight to reach $93.17 per barrel. Gasoline shed 0.46 cents to $3.493 per gallon. Home heating oil gained 9.87 cents to reach $2.9855 a gallon. Natural gas lost 1.5 cents to hit $3.94 per million British thermal units. At the pump, a gallon of regular unleaded gasoline was $3.697 Wednesday, up from Tuesday's $3.692, the AAA Fuel Gauge Report said.