Oil prices settle lower

AP News
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Posted: Mar 08, 2011 4:33 PM
Oil prices settle lower

Oil prices fell Tuesday, after OPEC ministers discussed ramping up oil production to make up for Libya's lost exports.

Here's a breakdown of how energy contracts traded:

On the New York Mercantile Exchange:

Crude: fell 42 cents to settle at $105.02 per barrel;

Gasoline: gave up 5.72 cents to settle at $2.9467 per gallon;

Heating oil: dropped 5.46 cents to settle at $3.0111 per gallon;

Natural gas: lost 6.3 cents to settle at $3.864 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude: fell $1.98 to settle at $113.06 per barrel.