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Oil prices lower after Norway intervenes

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Business is brisk at this Phillips 66 gasoline station where the price for a gallon of regular unleaded has fallen below $3.00 in Town and Country, Missouri on June 26, 2012. AAA said the national average price of unleaded gasoline was $3.381 Tuesday. UPIU/Bill Greenblatt
Business is brisk at this Phillips 66 gasoline station where the price for a gallon of regular unleaded has fallen below $3.00 in Town and Country, Missouri on June 26, 2012. AAA said the national average price of unleaded gasoline was $3.381 Tuesday. UPIU/Bill Greenblatt 
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Published: July 10, 2012 at 7:42 PM

NEW YORK, July 10 (UPI) -- U.S. oil futures fell Tuesday after Norway blocked a labor shutdown of oil production that would have cut supplies.

Crude oil futures fell 2.4 percent to $83.91 a barrel on the New York Mercantile Exchange.

Home heating oil futures were down 0.18 percent to $2.7245.

Reformulated blendstock gasoline fell 0.52 percent to $2.7326 per gallon.

Natural gas for August delivery was down 14.6 cents to $2.737 per million British thermal units.

At the pump, the national average price of unleaded gasoline was down slightly to $3.381 per gallon Tuesday, AAA said.

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