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 U.S. senators hear mixed assessment of shale WASHINGTON, May 22 (UPI) -- Maintaining a flat level of natural gas production from U.S. shale deposits is an elusive prospect, an energy policy director told U.S. lawmakers. Obama threatens Keystone XL veto More to U.S. oil than North Dakota, EIA says Canada's west coast readies for LNG exports Moniz open to considering LNG exports	Security Industry Ruag, Aselsan in partnership BERNE, Switzerland, May 22 (UPI) -- Ruag Defense of Switzerland and a Turkish electronics and optronics firm Aselsan have teamed for mid-life upgrades for armored tracked vehicles. NATO unveils simulation system GE Aviation enhancing facility Promotional tour for C295 military transport Unspent billions of Chilean defense fund remain a mystery
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