Oil slides on growing US supply

AP News
|
Posted: Sep 28, 2011 4:00 PM
Oil slides on growing US supply

Oil gave up almost all of its gains for the week as the U.S. and Europe appeared to have little appetite for more fuel.

Here's a breakdown of how energy contracts traded Wednesday:

On the New York Mercantile Exchange:

Crude fell $3.24, nearly 4 percent, to end the day at $81.21 per barrel.

Gasoline lost 6.07 cents to finish at $2.5753 per gallon.

Heating oil gave up 5.86 cents to end at $2.8271 per gallon.

Natural gas fell 7.6 cents to end at $3.799 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude lost $3.33, or 3.1 percent, to finish at $103.81 per barrel.