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April 18, 2012 / 5:55 PM

Crude oil prices slide on inventory lift

NEW YORK, April 18 (UPI) -- Crude oil prices slipped under $103 per barrel Wednesday in New York as U.S. stockpiles rose by 3.9 million barrels in the week to 369 million.

Anticipation of increased supplies weighed on pricing.

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West Texas Intermediate crude oil for May delivery lost $1.42 on the New York Mercantile Exchange to $102.78 per barrel.

Home heating oil prices added 0.49 cents in late trading to $3.1231 per gallon. Reformulated blendstock gasoline gained 0.92 cents to $3.1581 per gallon.

Natural gas prices shed 0.3 cents to $1.948 per million British thermal units.

At the pump, the national average price of unleaded gasoline dropped to $3.899 per gallon Wednesday from Tuesday's $3.904, AAA said.

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Defense News // 2 years ago

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