US crude oil prices hover around $103

Crude oil prices held close to $103 Wednesday morning as traders waited for key economic reports. Price movement stalled in anticipation of a gross domestic product estimate and an employment report on private-sector jobs from the payroll firm Automatic Data Processing Inc. Both reports were due Wednesday. In early trading, West Texas Intermediate crude on the New York Mercantile Exchange added 19 cents to reach $103.27. Reformulated blendstock gasoline was off 1.28 cents to $2.9962 per gallon. Home heating oil shed 3.1 cents to $2.944 per gallon. Natural gas added 0.6 cents to $3.438 per million British thermal units. At the pump, the national average price for a gallon of unleaded regular gasoline was $3.627 Wednesday, up from Tuesday's $3.624, the AAA Fuel Gauge report said.