NEW YORK (AP) — The price of oil dropped almost 3 percent Wednesday as the sluggishness of the economy was underscored by more pessimism from the Fed and a surprising jump in U.S. crude supplies.
On the New York Mercantile Exchange:
Benchmark crude dropped $2.23, or 2.7 percent, to end the day at $81.80 per barrel.
Gasoline lost 5.13 cents to finish at $2.5902 per gallon.
Heating oil fell 4.77 cents to end at $2.5874 per gallon.
Natural gas fell 2.8 cents to end at $2.5170 per 1,000 cubic feet.
On the ICE Futures exchange in London:
Brent crude lost $3.07 to finish at $92.69 per barrel.