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Oil and natural gas down slightly

February 27, 2014

NEW YORK (AP) — Energy markets were relatively tame Thursday, with both oil and natural gas showing small declines.

Benchmark U.S. crude for April delivery slipped 19 cents, or 0.2 percent, to close at $102.40 a barrel on the New York Mercantile Exchange.

Natural gas futures fell 3 cents to $4.51 per 1,000 cubic feet as weather forecasts indicate U.S. households won’t have to raise the thermostats so much in the second half of March.

Brent crude, which is used to set prices for international varieties of crude, was down 67 cents to $108.85 on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

—Wholesale gasoline lost 4 cents at $2.76 per gallon.

—Heating oil shed 4 cents to $3.09 per gallon.

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