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Originally published Monday, July 30, 2012 at 1:15 PM

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Oil prices down as natural gas continues to climb

The price of benchmark crude oil drifted down Monday, as natural gas prices continued to climb. Natural gas futures in New York have surged 69 percent since hitting a 10-year low this spring.

The Associated Press

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NEW YORK —

The price of benchmark crude oil drifted down Monday, as natural gas prices continued to climb. Natural gas futures in New York have surged 69 percent since hitting a 10-year low this spring.

On the New York Mercantile Exchange:

Benchmark crude fell by 35 cents to end at $89.78 per barrel.

Gasoline rose 4.9 cents to finish at $2.9368 per gallon.

Heating oil lost 1.04 cents to end at $2.8791 per gallon.

Natural gas rose 19.9 cents, or 6.6 percent to end the day at $3.214 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell 27 cents to end at $106.20 per barrel.

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