Crude Oil Prices Drop Thursday Morning
Posted on: Thursday, 17 July 2008, 09:01 CDT
Crude oil prices fell Thursday in New York to about $133 a barrel, following a rise in U.S. oil, gasoline and distillate fuels supplies.
Crude oil supplies rose 3 million barrels in the week ending July 11, the government said Wednesday.
On the New York Mercantile Exchange, crude oil prices dropped $1.31 Thursday morning to $133.29 per barrel. The price of heating oil fell 0.0159 cents to $3.8251 per gallon. Reformulated blendstock gasoline prices fell 0.0145 cents to $3.2649 per gallon. Natural gas prices rose 0.067 cents to $11.465 per million British thermal units.
At the pump, the national average price of unleaded gasoline was unchanged from Wednesday's price of $4.114 per gallon, AAA said.
Source: United Press International
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