UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Crude oil drops below $94

|
 
One woman motorist with gas pump in hand looks over her $70 final tab for filling her vehicle in Denver on April 15, 2011. Consumers paid an average price of $3.72 a gallon nationwide on Tuesday according to the travel group AAA. UPI/Gary C. Caskey
One woman motorist with gas pump in hand looks over her $70 final tab for filling her vehicle in Denver on April 15, 2011. Consumers paid an average price of $3.72 a gallon nationwide on Tuesday according to the travel group AAA. UPI/Gary C. Caskey 
License photo
Published: May 15, 2012 at 6:26 PM

NEW YORK, May 15 (UPI) -- Crude oil prices dropped to less than $94 a barrel on the New York Mercantile Exchange Tuesday on concerns about global demand.

The European Commission said Tuesday that the gross domestic product in the eurozone was flat in the first quarter and up 0.1 percent in the European Union as a whole.

West Texas Intermediate crude oil closed 80 cents lower at $93.98 per barrel, the lowest price since December. Natural gas for June delivery rose 6.9 cents to hit $2.50 per million British thermal units.

Home heating oil was down 0.05 to $2.9290 per gallon.

Gasoline lost 1.49 cents to reach $2.9441 per gallon.

At the pump, the national average price of unleaded gasoline was unchanged Monday to Tuesday at $3.727 per gallon, AAA said.

Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 16
Tornadoes Devastate Moore, Oklahoma
View Caption
A damaged movie theater is seen in aftermath of a series of tornadoes in Moore, Oklahoma, May 21, 2013. On May 20 a series of tornadoes swept through severals towns south of Oklahoma City leaving a path of destruction and killing at least 24 people. UPI/J.P. Wilson
fark
"You are going to lose", says London woman. Unknown if the armed terrorist she was directly confronting...
PNG becomes GIF, Oswald's keyboard player honored by the Dallas PD, and Marcus Bachmann finds happiness:...
Photoshop these waterfall walkers
We secretly replaced the person in charge of delivering the opening prayer at the House of Representatives...
News: Man commits suicide by driving off a cliff. Fark: Doesn't get discovered for 26 years
Old and busted: Latte foam art. New hotness: 3D latte foam art