Oil prices drop as European debt worries mount

AP News
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Posted: Nov 09, 2011 4:47 PM
Oil prices drop as European debt worries mount

Oil prices were lower on Wednesday following a broad sell-off on Wall Street that was stoked by fears that Europe would be overwhelmed by a mountain of debt.

Here's how energy contracts traded:

On the New York Mercantile Exchange:

Crude fell $1.06 to end the day at $95.74 per barrel.

Gasoline lost 6.22 cents to finish at $2.6442 per gallon.

Heating oil fell 1.75 cents to end at $3.0986 per gallon.

Natural gas fell 9.3 cents to finish at $3.652 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude lost $2.69 to end the day at $112.31 per barrel.