facebook
twitter
search
search

Energy prices ease back on talks of diplomatic solution

Sept. 10, 2013 at 3:48 PM
| License Photo

NEW YORK, Sept. 10 (UPI) -- Crude oil prices for October delivery eased back under $108 per barrel Tuesday as the likelihood of a U.S. military strike in Syria appeared diminished.

A U.S. Senate vote in Washington on whether or not to authorize a military response to Syria's alleged use of chemical weapons against its own citizens has been postponed, as President Barack Obama said he "fervently" preferred a diplomatic solution over a military one, Fox News reported.

West Texas Intermediate crude oil for October delivery shed $2.02 to $107.31 per barrel. Reformulated blendstock gasoline dropped 6.42 cents to $2.7382 per gallon. Heating oil dropped 5.1 cents to $3.0673 per gallon.

Natural gas gave up 3 cents to $3.58 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $3.564 per gallon Tuesday, down from Monday's $3.57, AAA's daily fuel gauge report said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Topics: Barack Obama
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules