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    At a glance: Oil falls as budget deal cheers fade

    At a glance: Oil falls as cheers over budget fix give way to worries over spending, supplies

    By The Associated Press | Associated Press – Thu, Jan 3, 2013

    The price of oil fell slightly Thursday as euphoria over a U.S. budget deal cooled and traders focused on bulging crude supplies and lackluster demand.

    On the New York Mercantile Exchange:

    — Benchmark crude for February delivery ended the day down 20 cents at $92.92 per barrel.

    — Wholesale gasoline fell 0.26 cent, finishing at $2.80 a gallon.

    — Heating oil lost 2.12 cents to end at $3.03 a gallon.

    — Natural gas fell 3.5 cents to finish at $3.20 per 1,000 cubic feet.

    On the ICE Futures exchange in London:

    Brent crude, used to price international varieties of oil, fell 33 cents to end at $112.14 per barrel.

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