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Jan. 23, 2013 / 6:45 PM

Crude oil price slides on IMF forecast

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 is reporting that gasoline prices have come down .21 cents nationally in the last week. 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 is reporting that gasoline prices have come down .21 cents nationally in the last week. UPIU/Bill Greenblatt | License Photo

NEW YORK, Jan. 23 (UPI) -- The price of crude oil slipped under $96 Wednesday, dropping on the International Monetary Fund's release of a forecast for slower global growth.

Gains in equities and a weak dollar are supporting prices, but the IMF released fresh projections for 2013, which was little changed around the globe from its October prediction -- except in the eurozone, which is now expected to contract slightly this year.

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By the end of the session, oil had dropped 93 cents to reach $95.67 a barrel on the New York Mercantile Exchange.

Gasoline added 3.31 cents to $2.8521 a gallon.

Home heating oil dropped 0.21 cents to $3.06 a gallon.

Natural gas gained 0.2 cent to $3.572 per million British thermal units.

At the pump, AAA reported the national average price for regular unleaded gasoline rose to $3.316 per gallon from Tuesday's $3.31.

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