USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

133

Crude Oil Dropped On Warmer Weather

Crude oil futures dropped below $58 a barrel Tuesday as forecasts for warmer weather in the U.S. Northeast

Crude Oil Dropped On Warmer Weather

Crude oil futures dropped below $58 a barrel Tuesday as forecasts for warmer weather in the U.S. Northeast led to expectations of dwindling demand.

Light, sweet crude for March delivery fell $1.32 cents or 2.2 percent to $58.07 a barrel on the New York Mercantile Exchange.

Natural gas for March delivery gained 8.2 cents or 1.09 percent to $7.585 per 1,000 cubic feet.

March heating oil fell 2.84 cents or 1.7 percent to $1.645 a gallon.

March reformulated gasoline blendstock for oxygen blending edged up 0.38 cent or 0.23 percent to $1.6491 a gallon.

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