Oil falls on global economy concerns

AP News
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Posted: Aug 01, 2011 3:56 PM
Oil falls on global economy concerns

Oil fell Monday as early enthusiasm about a deal on the nation's debt ceiling turned to concern about the global economy. Here's how energy contracts traded:

On the New York Mercantile Exchange:

Crude fell 81 cents to settle at $94.89 per barrel.

Gasoline lost 0.4 cents to settle at $3.054 per gallon.

Heating oil gave up 0.2 cents to settle at $3.0974 per gallon.

Natural gas rose 4.3 cents to settle at $4.188 per gallon.

On the ICE Futures exchange:

Brent crude added 7 cents to settle at $116.81 per barrel.