Business News

Crude oil loses momentum, closes lower

Motorists flock to lower priced gas stations in Denver on April 15, 2011. UPI/Gary C. Caskey

License photo

Published: Aug. 8, 2012 at 4:24 PM

NEW YORK, Aug. 8 (UPI) -- Crude oil slipped from early gains Wednesday, losing 32 cents to settle at $93.35 a barrel on the New York Mercantile Exchange.

Natural gas prices were off 3 cents, closing at $2.93 per million British thermal units.

Reformulated blendstock gasoline dropped 1 cent to settle at $2.98 a gallon.

Home heating oil was up 2 cents to close at $3.02 a gallon.

At the pump, the average cost for a gallon of regular unleaded gasoline was $3.647 Wednesday, up from $3.634 on Tuesday, AAA reported.

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
Energy Resources Outrage over 2010 BP spill charge dismissal WASHINGTON, May 21 (UPI) -- A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive. More oil pipeline capacity planned for Texas U.S. groundwater running dry Libyan gas complex attacked by militants Iran has funds to develop South Pars	Security Industry Growth seen for Israel's UAV exports LONDON, May 21 (UPI) -- Israel's unmanned aerial vehicle manufacturers are the world's top UAV exporters, garnering $4.62 billion from 2005-12. Army orders more NVGs Doosan DST finishes armored vehicle build Britain replenishing Hellfire inventory Canadian UAS development gets government funding
Real Estate Foreclosure processing time at new high Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous... Altos: No sign of single family rental weakness -- yet CB Previews International draws the line on pocket listings Americans exit the housing crisis with new appreciation for renting Real Estate: Nothing to fear from zombie houses	Analysis: Economic Outlook This resembles austerity Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda. Fed shows it's human The name of the game The key to Keystone Mergers are us

Britain weighing gasoline price-fixing probe of BP, Shell, Statoil

API wants desks cleared of LNG export plans

Gallup: Family of four needs an average $58,000 a year

Saab upgrading bid for Brazil FX-2 contest

Israel said to be world leader in UAV exports

Palestinian Security Forces Patrol the Border With Egypt.

View Caption

Enlarge Photo

A members of the Hamas security forces patrol the border area between Gaza and Egypt, in the southern Gaza Strip May 20, 2013. Egyptian police angered by the kidnapping of seven colleagues by Islamist gunmen kept a crossing into the Gaza Strip closed again for four days, stranding hundreds of Palestinian travellers, As Tunnels between Egypt and Gaza closed and border was declared as military zone. Palestinian security forces patrol around the border, witnesses said. UPI/Ismael Mohamad

Ron Paul says, Fix the IRS by Shutting It Down 'once and for all'. Ron Farking Paul

Don't you love it when you buy an old watch at a garage sale for $40 and it turns out to be the...

Amy's Baking Company is hiring. Wait... Amy's Baking Company... that name sounds familiar. OH HELL...

Thing you can scratch off your bucket list: Having to call the Icelandic search and rescue team...

Eyewear company seeks assistance to give two patent trolls important life advice, specifically on...

You can do a lot of bad things as a priest and hang on to your job. Plagiarizing sermons from sermons.com...

UPI.com is your trusted source for world news, top news, science news, health news and current events.
We thank you for visiting us and we hope that we will be your daily stop for news updates.