At a Glance: Oil falls near $86 per barrel

By The Associated Press
Associated Press

The price of oil fell Wednesday as traders looked for signs of progress in negotiations over U.S. budget issues.

On the New York Mercantile Exchange:

Benchmark crude fell 69 cents to finish at $86.49 per barrel.

Heating oil fell less than a penny to end at $3.008 per gallon.

Wholesale gasoline rose less than a penny to finish at $2.7339 per gallon.

Natural gas fell 7.3 cents to end at $3.696 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude, which is used to price international varieties of oil, fell 36 cents to finish at $109.51 per barrel.