Sunday, August 12, 2012

Oil falls on lower demand outlook, China data

NEW YORK (AP) ? The price of oil fell Friday on fresh concerns about the Chinese economy and a lower forecast for global oil demand from the International Energy Agency.

On the New York Mercantile Exchange:

Benchmark crude fell 49 cents to end at $92.87 per barrel.

Heating oil fell 2.45 cents to finish at $3.0205 per gallon.

Gasoline rose less than a penny to end at $3.004 a gallon.

Natural gas fell 17.5 cents to finish at $2.77 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude dropped 27 cents to finish the day at $112.95 per barrel.

Source: http://news.yahoo.com/oil-falls-lower-demand-outlook-china-data-143405723--finance.html

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