Originally published Wednesday, October 3, 2012 at 2:03 PM
Price of oil drops near $88 per barrel
Oil prices fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand.
The Associated Press
Oil prices fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand.
On the New York Mercantile Exchange:
Benchmark crude fell $3.75, or 4.1 percent, to finish at $88.14 per barrel.
Natural gas fell 13.6 cents, or 3.9 percent, to end at $3.395 per 1,000 cubic feet.
Heating oil dropped 5.9 cents to finish at $3.066 per gallon.
Wholesale gasoline lost 6.97 cents, or 2.4 percent, to end at $2.7995 per gallon.
On the ICE Futures exchange in London:
Brent crude dropped $3.40, or 3 percent, to finish the day at $108.17 per barrel.










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