facebook
twitter
rss
account
search
search
 

Crude oil prices resume a retreat

June 7, 2012 at 7:21 PM   |   Comments

| License Photo
WASHINGTON, June 7 (UPI) -- Oil prices dropped to less than $84 per barrel in New York Thursday in a price correction that market analysts had predicted.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for July delivery fell from an overnight high of $87.03 per barrel to $83.72.

Natural gas for July delivery lost 0.2 cents to $2.272 per million British thermal units.

Home heating oil shed 1.14 cents to $2.6557 per gallon.

RBOB gasoline futures for July delivery lost 1.4 cents to $2.671 per gallon.

At the pump, the national average price of unleaded gasoline dropped a half-cent for the second consecutive day, falling to $3.56 per gallon from Wednesday's $3.565, AAA said.

© 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.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Texas plant converts CO2 to baking soda Texas plant converts CO2 to baking soda
3
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
4
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
5
Report: Fracking in California dirty business Report: Fracking in California dirty business
Trending News
Around the Web
x
Feedback