Traders translated progress in the talks with Iran as a development that could allow more oil to make it to markets, The Wall Street Journal reported.
On the New York Mercantile Exchange, West Texas Intermediate crude oil for October delivery lost $1.80 to drop to $106.27 per barrel. Reformulated blendstock gasoline prices dropped 4.9 cents to $2.6931 per gallon. Home heating oil shed 4.09 cents to $2.9996 per gallon. Natural gas held steady at $3.71 per million British thermal units.
At the pump, the national average price of unleaded gasoline fell to $3.494 per gallon Thursday from Wednesday's $3.506, AAA's Daily Fuel Gauge Report said.