The price of oil fell Wednesday as traders looked for signs of progress in negotiations over U.S. budget issues.
On the New York Mercantile Exchange:
Benchmark crude fell 69 cents to finish at $86.49 per barrel.
Heating oil fell less than a penny to end at $3.008 per gallon.
Wholesale gasoline rose less than a penny to finish at $2.7339 per gallon.
Natural gas fell 7.3 cents to end at $3.696 per 1,000 cubic feet.
On the ICE Futures exchange in London:
Brent crude, which is used to price international varieties of oil, fell 36 cents to finish at $109.51 per barrel.
- Investment & Company Information
- New York Mercantile Exchange