Natural gas falls to lowest price in a decade

AP News
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Posted: Jan 11, 2012 3:42 PM
Natural gas falls to lowest price in a decade

Natural gas dropped by almost 6 percent on Wednesday, as a mild winter cuts into heating demand and a production boom pumps up supplies. Oil prices fell as the nation's supply of crude grew. Here's how energy prices traded.

On the New York Mercantile Exchange:

Benchmark crude fell by $1.37 to $100.87 per barrel.

Gasoline lost nearly a penny at $2.7633 per gallon.

Heating oil fell by 3.68 cents to $3.0646 per gallon.

Natural gas lost 16.7 cents at $2.7740 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell $1.04 to $112.24 per barrel.