Oil falls on demand worries

AP News
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Posted: Mar 10, 2011 3:58 PM
Oil falls on demand worries

Energy prices fell Thursday as economists said the recent surge in fuel prices will eventually hurt the fragile economic recovery.

Here's a breakdown of how energy contracts traded Thursday:

On the New York Mercantile Exchange:

Crude: lost $1.68 to settle at $102.70 per barrel;

Gasoline: dropped less than a penny to settle at $3.0196 per gallon;

Heating oil: fell 2.58 cents to settle at $3.0449 per gallon;

Natural gas: gave up 10 cents to settle at $3.83 per 1,000 cubic feet.

On the ICE futures exchange:

Brent crude: lost 51 cents to settle at $115.43 per barrel.