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Oil Prices Fall Below $60 On Higher Fuel Supplies |
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1:08 PM EST February 23 2006 |
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Crude oil prices retreated on report showing an increased domestic fuel supplies. Light sweet crude April delivery declined dropped $1.16 to $59.85 a barrel. Gasoline rose 2 cents to $1.4789, while heating oil was up 1 cent at $1.6625. Natural gas traded down 7 cents at $7.21 per 1,000 cubic feet. London Brent for April delivery gained 51 cents to $60.95 a barrel.
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