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Oil down slightly, natural gas falls 3.3 percent

Published on NewsOK Modified: January 9, 2013 at 2:37 pm •  Published: January 9, 2013

Late Tuesday Alcoa predicted that aluminum demand would rise 7 percent this year, slightly better than the 6 percent increase in 2012. That indicates the company expects a pickup in economic activity, which in turn could boost demand for oil.

Brent crude, used to price international varieties of oil, dropped 18 cents to end at $111.76 a barrel on the ICE Futures exchange in London.

In other energy futures trading on the New York Mercantile Exchange:

— Wholesale gasoline fell 2 cents to finish at $2.78 a gallon.

— Heating oil rose 1 cent to end at $3.07 a gallon.

___Pamela Sampson in Bangkok and Pablo Gorondi in Budapest contributed to this report.