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At a glance: Oil falls on Mideast ceasefire talks

Source : AP
Last Updated: Tue, Nov 20, 2012 21:15 hrs

The price of oil fell sharply Tuesday on signs that Israel and Hamas are close to putting a halt to fighting that has lasted nearly a week.

On the New York Mercantile Exchange:

Benchmark crude fell $2.53, or 2.7 percent, to finish at $86.75 per barrel.

Heating oil fell 3.59 cents to end at $3.0392 a gallon.

Wholesale gasoline fell 4.2 cents to finish at $2.7125 per gallon.

Natural gas rose 11.3 cents to end at $3.8320 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude, which is used to price international varieties of oil, fell $1.87, or 1.7 percent, to finish at $109.83 per barrel.

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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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