Oil drops below $96 a barrel

AP News
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Posted: Jul 11, 2011 3:31 PM
Oil drops below $96 a barrel

The latest readings on Chinese inflation and renewed worries about European debt pushed oil lower.

Here's a breakdown of how energy prices traded Monday:

On the New York Mercantile Exchange:

Crude fell $1.05 to settle at $95.15 per barrel.

Gasoline lost 2.21 cents to settle at $3.0705 per gallon.

Heating oil gave up 0.89 cents to settle at $3.0875 per gallon.

Natural gas added 7.3 cents to settle at $4.277 per 1,000 cubic feet.

On the ICE Futures exchange:

Brent crude lost $1.09 to settle at $117.24 per barrel.