Energy prices ease back on talks of diplomatic solution

Sept. 10, 2013 at 3:48 PM   |   0 comments

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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.

Topics: Barack Obama
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