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At a glance: Oil falls as cheers over budget fix give way to worries over spending, supplies
- Article by: The Associated Press , Associated Press
- Updated: January 3, 2013 - 2:38 PM
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The price of oil fell slightly Thursday as euphoria over a U.S. budget deal cooled and traders focused on bulging crude supplies and lackluster demand.
On the New York Mercantile Exchange:
_ Benchmark crude for February delivery ended the day down 20 cents at $92.92 per barrel.
_ Wholesale gasoline fell 0.26 cent, finishing at $2.80 a gallon.
_ Heating oil lost 2.12 cents to end at $3.03 a gallon.
_ Natural gas fell 3.5 cents to finish at $3.20 per 1,000 cubic feet.
On the ICE Futures exchange in London:
Brent crude, used to price international varieties of oil, fell 33 cents to end at $112.14 per barrel.
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