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Crude oil loses momentum, closes lower

Aug. 8, 2012 at 4:24 PM   |   Comments

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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.

© 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.
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