Oil down again, settles below $97

AP News
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Posted: May 17, 2011 3:40 PM
Oil down again, settles below $97

Oil fell again Tuesday after disappointing reports on factory production and new home construction raised more concerns about the economic recovery and future demand. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell 47 cents to settle at $96.91 per barrel.

Gasoline lost 1.18 cents to settle at $2.9193 a gallon.

Heating oil gave up 2.93 cents to settle at $2.8451 a gallon.

Natural gas fell 13.3 cents to settle at $4.246 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude dropped 85 cents to settle at $109.99 per barrel.