Arab Today, arab today crude oil price slides on imf forecast
Last Updated : GMT 18:05:33
Arab Today, arab today
Arab Today, arab today

Crude oil price slides on IMF forecast

Arab Today, arab today

Arab Today, arab today Crude oil price slides on IMF forecast

New York - UPI

The price of crude oil slipped under $96 Wednesday, dropping on the International Monetary Fund\'s release of a forecast for slower global growth. Gains in equities and a weak dollar are supporting prices, but the IMF released fresh projections for 2013, which was little changed around the globe from its October prediction -- except in the eurozone, which is now expected to contract slightly this year. By the end of the session, oil had dropped 93 cents to reach $95.67 a barrel on the New York Mercantile Exchange. Gasoline added 3.31 cents to $2.8521 a gallon. Home heating oil dropped 0.21 cents to $3.06 a gallon. Natural gas gained 0.2 cent to $3.572 per million British thermal units. At the pump, AAA reported the national average price for regular unleaded gasoline rose to $3.316 per gallon from Tuesday\'s $3.31.

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