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Crude oil price recedes Monday

Feb. 4, 2013 at 7:15 PM
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NEW YORK, Feb. 4 (UPI) -- Crude oil headed down to near $96 a barrel in New York Monday, with the dollar mixed in Asia and stronger in Europe.

A sharp drop in equities on Wall Street may have signaled the end of a five-week rally, which would damper demand optimism.

West Texas Intermediate crude oil for March delivery gave up $1.64 to $96.13 per barrel on the New York Mercantile Exchange. Reformulated blendstock gasoline lost 3.28 cents to $3.0172 per gallon. Heating oil added 0.03 cents to $3.1603 per gallon.

Natural gas added 2.8 cents to $3.328 per million British thermal units.

At the pump, the national average price of unleaded gasoline rose to $3.523 per gallon from Sunday's $3.514 per gallon, AAA said.

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