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At a glance: Oil falls after World Bank warning

Associated Press Published: October 8, 2012

NEW YORK (AP) — A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months.

On The New York Mercantile Exchange:

— Benchmark crude fell 55 cents to close at $89.33 in New York. The contract hasn't closed lower since Aug. 2.

— Natural gas gained less than a penny to $3.40 per 1,000 cubic feet.

— Heating oil lost a penny to close at $3.14 per gallon.

— Wholesale gasoline fell 6 cents to finish at $2.89 per gallon

On the ICE Futures Exchange in London:

Brent crude, which is used to price international varieties of oil, fell 20 cents to $111.82.


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