Oil settles a penny lower, gas pump prices up

AP News
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Posted: Apr 25, 2011 5:03 PM
Oil settles a penny lower, gas pump prices up

Oil was flat Monday, as the dollar pulled back from lows set earlier in the day and investors awaited this week's Fed meeting.

Here's how energy contracts traded on Monday.

On the New York Mercantile Exchange:

_Benchmark crude: lost a penny to settle at $112.28 per barrel.

_Heating oil: lost 1.73 cents to settle at $3.1989 per gallon.

_Gasoline futures: added less than a penny to settle at $3.2785 per gallon.

_Natural gas: dropped 2.3 cents to $4.389 per 1,000 cubic feet.

On the ICE Futures exchange:

_ Brent crude lost 33 cents to settle at $123.66 per barrel.