Crude Oil Prices Ends Lower Againadmin
Oil prices settled lower for the third straight day as investors weighed expectations of higher output against the market’s ability to quench soaring global demand.
Light, sweet crude for July delivery fell 60 cents to settle at $134.01 a barrel on the New York Mercantile Exchange.
The national average for a gallon of regular gasoline hovered at $4.078, down just two-tenths of a cent from the previous day’s all-time high, according to AAA and the Oil Price Information Service. Diesel dipped by a similar amount to $4.795 a gallon.
In other Nymex trading, July gasoline futures fell 2 cents to settle at $3.4179 a gallon and heating oil futures slipped by about half a penny to settle at $3.8222 a gallon. July natural gas futures rose 1.9 cents to settle at $12.952 per 1,000 cubic feet.