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The Journal Gazette

Friday, October 12, 2012 4:52 pm

At a Glance: Oil falls below $92 per barrel

The Associated Press

The price of oil dropped Friday after a new report predicted a slower pace of growth in demand for oil, overshadowing concerns about unrest in the Middle East.

On the New York Mercantile Exchange:

- Benchmark oil fell 21 cents to end at $91.86 per barrel

- Heating oil fell 3.32 cents to end at $3.2239 per gallon.

- Wholesale gasoline dropped 6.28 cents to end at $2.8928 per gallon.

- Natural gas rose less than a penny to end at $3.611 per 1,000 cubic feet.

On the ICE Futures exchange in London:

- Brent crude dropped $1.07 to finish the day at $113.61 per barrel.