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Crude oil gives up $2.12 per barrel

May 1, 2013 at 7:03 PM   |   Comments

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NEW YORK, May 1 (UPI) -- Crude oil prices dropped close to $91 per barrel Wednesday on the New York Mercantile Exchange on concerns of slow demand.

Automatic Data Processing Inc. said 119,000 jobs were added to the economy in April, marking a steady decline in new jobs from December when 215,000 private sector jobs were created.

West Texas Intermediate crude oil gave up $2.12 to $91.01 per barrel.

Gasoline prices lost 1.22 cents to $2.7152 a gallon.

Home heating oil dropped 4.26 cents to $2.7866 a gallon.

Natural gas shed 3.2 cents to reach $4.316 per million British thermal units.

At the pump, the average price of a gallon of regular unleaded gasoline was $3.522 Wednesday, up from Tuesday's $3.508, the AAA Fuel Gauge Report said.

© 2013 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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