Analysts said the long run was due for a correction.
Prices simmered down from a record of $126 per barrel to $124.06 per barrel.
Oil had reached "a precarious overbought condition," commodity analyst Mike Fitzpatrick of MF Global told The Wall Street Journal.
Heating oil prices fell 0.0038 cents to $3.556 per gallon. The price of reformulated gasoline blendstock fell 0.0027 cents to $3.1615 per gallon. Natural gas prices rose 0.002 cents to $11.303 per million British thermal units.
The price at the pump climbed to a national average record $3.718 for a gallon of unleaded, up from Sunday's price of $3.707 a gallon, AAA reported.
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