Wednesday, June 3, 2009

Crude oil prices fall sharply

Crude oil prices fell on the New York Mercantile Exchange Wednesday after a rally in stock markets came to a halt.

The Dow Jones industrial average lost 65.59 points Wednesday, off 0.75 percent. Asian markets held to slim gains, but European markets fell.

Crude oil prices dropped $2.66 cents to $66.10 per barrel. Heating oil prices lost 0.0655 cents to $1.74 per gallon. Reformulated blendstock gasoline lost 0.039 cents to $1.8975 per gallon. Natural gas prices fell 0.368 cents to $3.772 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.548 Wednesday, up from Tuesday's $2.525 a gallon, AAA said.

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