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NEW YORK, June 20 (UPI) -- The price for a barrel of crude oil on the New York Mercantile Exchange dropped $3.11 to $95.37 per barrel Thursday. Prices fell in response to a drop in equity markets triggered by U.S. Federal Reserve Chairman Ben Bernanke's remarks at a press conference that the central bank would begin to wind down its asset purchasing program this year.
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Price pressure was also provided by the Energy Information Administration, which said crude oil supplies rose by 313,000 barrels in the week -- a surprise to some as economists had predicted supplies would drop.
Reformulated blendstock gasoline lost 10.49 cents to $2.7785 a gallon.
Home heating oil gave up 9.74 cents to $2.8751 a gallon.
Natural gas shed 7.4 cents to $3.889 per million British thermal units.
At the pump, the average price for a gallon of unleaded regular gasoline was $3.598, down from Wednesday's $3.603, the AAA Fuel Gauge report said.
