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Oil Falls As Uncertainty Hits Energy Markets

Meir forecast an average price of $92 a barrel for the Nymex contract during 2013.

Brent crude, used to price international varieties of oil, was down 44 cents to $110.87 a barrel on the ICE Futures exchange in London.

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

â¿¿ Wholesale gasoline retreated 1.47 cents to $2.7496 a gallon.

â¿¿ Heating oil lost 0.22 cent to $3.0155 a gallon.

â¿¿ Natural gas added 4.3 cents to $3.33 per 1,000 cubic feet.

___

Pamela Sampson in Bangkok contributed to this report.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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