facebook
twitter
rss
account
search
search
 

Oil settles near $108

Sept. 4, 2013 at 9:00 AM   |   Comments

NEW YORK, Sept. 4 (UPI) -- Crude oil prices for October delivery dropped to $108 per barrel Wednesday as the threat of military strike against Syria has eased.

Key members of Congress have voiced support for a military response to the Syrian government's alleged use of chemical weapons on its own citizens, but it is not certain Congress will approve the initiative.

West Texas Intermediate crude oil for October delivery lost 46 cents to $108.08 per barrel on the New York Mercantile Exchange. Reformulated blendstock gasoline shed 0.7 cents to $2.8576 per gallon. Home heating oil lost 1.13 cents to reach $3.137 per gallon.

Natural gas gained 2.4 cents to $3.69 per million British thermal units.

At the pump, the national average price for unleaded regular gasoline was $3.589 per gallon, down from Tuesday's $3.591, 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.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback