Energy Prices Decline on High Supplies
Posted on: Wednesday, 3 May 2006, 15:00 CDT
Futures prices for energy commodities on the New York Mercantile Exchange took a breather Wednesday with the price for a barrel of crude oil falling below $73.
High-quality crude oil for June delivery was off $2.33, or 3.1 percent, to $72.28 per barrel. The decline stemmed from news that U.S. oil inventories were unusually high.
Gasoline slipped 9 cents to $2.085, and AAA said early Wednesday that the U.S. average retail price for regular gasoline was $2.917 per gallon, compared with Tuesday's average of $2.92 per gallon.
Heating oil was down 7.5 cents to close at $2.004 per gallon, and natural gas fell 14 cents to settle at $6.606 per million Btu.
Source: United Press International
Related Articles
- NIC Earns 5 Cents Per Share on Record Operating Income of $5.0 Million During the Second Quarter
- Natural Gas Falls to $6.87 Per Million Btu
- Crude Oil Leads Energy Prices Down
- Crude Oil Prices Set Record High
- Heating Oil Up 2 Cents
- Crude Oil, Natural Gas Up, Products Flat
- Crude Oil Price Rises in Europe
- Intel Posts Record Second-Quarter Revenue of $9.2 Billion; Earnings Per Share 33 Cents
- Price at Pump Could Hit $2.50 Per Unleaded Gallon By Weekend
- Intel First-Quarter Revenue $9.4 Billion; Earnings Per Share 34 Cents
User Comments (0)
RSS Feeds