Oil settles near $93 a barrel

AP News
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Posted: Jun 17, 2011 3:51 PM
Oil settles near $93 a barrel

Oil dropped to about $93 per barrel for the first time since February as the European financial crisis kept investors on edge. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Crude fell $1.94 to settle at $93.01 per barrel.

Gasoline lost 0.34 cent to settle at $2.9460 a gallon.

Heating oil gave up 2.05 cents to settle at $2.9833 a gallon.

Natural gas fell 8.7 cents to settle at $4.325 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude dropped 81 cents to settle at $113.21 per barrel.