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Crude oil down on credit warnings

NEW YORK, Dec. 5 (UPI) -- A rally in crude oil prices stalled Monday after credit rating agency Standard & Poor's warned six countries in Europe their ratings were at risk.

The news put the brakes on a brisk early run-up on Wall Street. Light, sweet January delivery crude oil, which topped $102 per barrel Monday morning, turned lower, dropping to $100.58 by close of trading.

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On the New York Mercantile Exchange, home heating oil lost 0.4 cents to $2.9877 per gallon. Reformulated blendstock gasoline shed 1.43 cents to $2.5994 per gallon.

Henry Hub natural gas prices shed 0.2 cents to hit $3.459 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $3.276 per gallon from Sunday's $3.277, AAA said.

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