The Price of Oil Dropped with 2%
April 4th, 2012 | 
Author: 
The U.S government said on Wednesday that the price of oil fell more than 2 percent after the last biggest two weeks increase in U.S. stock.
The price of Brent crude oil dropped $2.46, or 2 percent, to $122.40 a barrel at the ICE Futures Europe exchange. The oil prices increased 2.7 percent this year compared with last year.
The U.S benchmark oil fell $2.54, or 2.4 percent, to $101.47 a barrel. The price between the two benchmarks widened to a six-month high.
Meanwhile, the price of gasoline decreased 6.18 cents to $3.93 a gallon, according to media sources.
Natural gas dropped 4.6 cents to $2.1410 per 1,000 cubic feet.
Heating oil fell 6.66 cents to $3.1609 a gallon, according to media sources.
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