NEW YORK, July 30 (UPI) -- Crude oil prices continued to drift lower Tuesday morning, sliding to less than $104 per barrel as demand increasingly appears to be waning.
West Texas Intermediate crude on the New York Mercantile Exchange shed 79 cents overnight to $103.76 per barrel. Reformulated blendstock gasoline was off 0.3 cents $2.975 per gallon. Home heating oil shed 0.81 cents to $3.0109 per gallon.
Natural gas dropped 3.6 cents to $3.436 per million British thermal units.
Traders are anticipating reports this week that spell out a slower economic recovery, including a government report on the gross domestic product due Wednesday and a Labor Department report on the employment situation due Friday.
At the pump, the national average price for a gallon of unleaded regular gasoline was $3.624 Tuesday, down from Monday's $3.631, the AAA Fuel Gauge report said.
Source: http://www.upi.com/Business_News/2013/07/30/Crude-oil-dips-under-104/UPI-84931375186171/
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