facebook
twitter
search
search

Oil prices drop Thursday

Sept. 19, 2013 at 3:27 PM

NEW YORK, Sept. 19 (UPI) -- Crude oil prices slid toward $106 per barrel Thursday, on news that Iran had pledged to not pursue a nuclear weapons program.

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.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Reddit CEO Ellen Pao apologizes for firing scandal
Report: Brazil's Petrobras wading dark waters
Oil markets hammered by Greece, Iran and China
Baker Hughes wins Johan Sverdrup contract
Iran envisions post-sanctions oil era