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March 9, 2011 / 6:44 PM

Oil prices ease back Wednesday

A sign at an Exxon gas station in Northwest Washington boasts gas prices of $4.559 for regular and $4.849 for supreme on March 7, 2011. Unrest in Libya and other oil-producing countries has raised a barrel of oil over $105 causing the price of gasoline to shoot up over the last few weeks. UPI/Roger L. Wollenberg.

A sign at an Exxon gas station in Northwest Washington boasts gas prices of $4.559 for regular and $4.849 for supreme on March 7, 2011. Unrest in Libya and other oil-producing countries has raised a barrel of oil over $105 causing the price of gasoline to shoot up over the last few weeks. UPI/Roger L. Wollenberg. | License Photo

NEW YORK, March 9 (UPI) -- Crude oil prices settled lower Wednesday, falling toward $104 per barrel in New York with market sentiment dominated by concern over unrest in the Middle East.

West Texas Intermediate crude on the New York Mercantile Exchange shed 85 cents during the day to reach $104.36 per barrel. Home heating oil prices dropped 0.07 cents to $3.07 per gallon. Reformulated blendstock gasoline prices added 0.18 cents to reach $3.029 per gallon. Henry Hub natural gas lost 0.9 cents to $3.921 per million British thermal units.

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At the pump, the national average price of unleaded gasoline rose to $3.524 per gallon Wednesday from Tuesday's $3.517, AAA said.

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