
NEW YORK, Aug. 20 (UPI) -- Crude oil prices dropped under $96 per barrel Monday morning on concerns that U.S. demand was slowing.
The American Petroleum Institute said Friday U.S. demand dropped to an almost four-year low in July, taking the wind out of last week's modest rally.
West Texas Intermediate crude oil for September delivery, above $97 early in the day, slid to $95.97 per barrel on the New York Mercantile Exchange.
Natural gas lost 0.1 cents to $2.775 per million British thermal units.
Home heating oil gained 0.4 cents to $3.0935.
Reformulated blendstock gasoline climbed a 0.1 cent to reach $3.0318 a gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was unchanged from Sunday at $3.20 per gallon, AAA reported.
|
|
|
|
|
|
| Additional Business News Stories | |
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.
|
MADRID, May 22 (UPI) --
A military transport aircraft jointly produced by Airbus Military of Spain and PT Dirgantara Indonesia is on a promotional tour of ASEAN.
|
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...
|
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.
|
| Stories | Photos | Comments |
View Caption