At a glance: Oil falls as budget deal cheers fade

January 3, 2013 @ 12:38 pm

(AP) - The price of oil fell slightly Thursday as euphoria over a U.S. budget deal cooled and traders focused on bulging crude supplies and lackluster demand.

On the New York Mercantile Exchange:

_ Benchmark crude for February delivery ended the day down 20 cents at $92.92 per barrel.

_ Wholesale gasoline fell 0.26 cent, finishing at $2.80 a gallon.

_ Heating oil lost 2.12 cents to end at $3.03 a gallon.

_ Natural gas fell 3.5 cents to finish at $3.20 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude, used to price international varieties of oil, fell 33 cents to end at $112.14 per barrel.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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