Monday, March 12, 2012

Oil falls again, nears $80 a barrel

Oil prices continued to fall Wednesday as investors remain concerned about the stability of Europe's economy and a possible slowdown to growth in China.

Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell $1.90 to settle at $80.44 per barrel.

Gasoline rose 0.22 cent to settle at $2.1579 a gallon.

Heating oil fell up 5.71 cents to settle at $2.2519 a gallon.

Natural gas added 21.2 cents, or 5.6 percent, to settle at $4.030 per 1,000 cubic feet.

On the ICE futures exchange:

Brent crude dropped $1 to settle at $83.28 per barrel.

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