Save Article Instructions

Market watch, Dec. 29

Prices for oil futures fell in international trade Thursday, pulling down most energy commodities.

The February contract for benchmark US light, sweet crudes dropped 62� to $25.85/bbl on the New York Mercantile Exchange, while the March contract lost 56� to $25.30/bbl.

Home heating oil for January delivery fell by 4.25� to 89.46�/gal, wiping out the previous day�s gain. But unleaded gasoline for the same month inched up 0.19� to 75.53�/gal, recouping some of its previous loss.

The January contract for natural gas lost 2.3� to $9.263/Mcf, giving back some of Wednesday�s 17.3� gain.

On the International Petroleum Exchange in London, North Sea Brent crude lost 33� to $23.71/bbl, offsetting most of its gain from the previous session. The January natural gas contract dropped 7� to the equivalent of $4.33/Mcf, giving back much of its previous gain.

To access this Article, go to: