Crude oil prices dropped to $91 per barrel Wednesday on the New York Mercantile
Exchange on concerns of slow demand.
Automatic Data Processing Inc. said 119,000 jobs were added to the economy in April, marking a steady decline in new jobs from December when 215,000 private sector jobs were created.
In early trading, West Texas Intermediate crude oil gave up $2.13 to $91 per barrel.
Gasoline prices lost 5.74 cents to $2.73 a gallon.
Home heating oil dropped 3.72 cents to $2.792 a gallon.
Natural gas added 8.5 cents to reach $4.433 per million British thermal units.
At the pump, the average price of a gallon of regular unleaded gasoline was $3.522 Wednesday, up from Tuesday's $3.508, the AAA Fuel Gauge Report said.
Most Popular Stories
- PBS Series Examines America's Demographic Shift
- Tim Cook Has Proved That Apple is His Baby
- Why the Bond Market Isn't as Safe as You Think
- Lexus Luxury Compact Sedan Wins Buyers
- Royals Beat A's in 12-inning Wild Card Thriller
- Construction Spending Down Again for August
- What to Look for in Mich. Jobs Market
- Obama Seeks Traction From Economic Recovery
- Texas Sees Gains in Hispanic College Enrollment
- Americans Bet Big on Gambling Industry