Oil settles near $111 a barrel

AP News
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Posted: May 03, 2011 3:11 PM
Oil settles near $111 a barrel

Oil fell Tuesday because of a stronger dollar and expectations that U.S. supplies are rising. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell $2.47 to settle at $111.05 per barrel.

Gasoline lost 1.85 cents to settle at $3.3294 a gallon.

Heating oil gave up 6.13 cents to settle at $3.1908 a gallon.

Natural gas fell 2.7 cents to settle at $4.738 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude dropped $2.67 to settle at $122.45 per barrel.