Oil ends lower reports of Iran embargo delay (AP)

Anxiety that Iranian oil would soon be forced off European markets eased Thursday, sending crude prices below $100 a barrel for the first time this year. Here's how energy contracts traded.

On the New York Mercantile Exchange:

Benchmark crude fell $1.77 to finish at $99.10 per barrel.

Gasoline fell 3.2 cents to end at $2.7313 a gallon.

Heating oil fell 1 cent to finish at $3.0541 a gallon.

Natural gas fell 8 cents to end at $2.6970 per 1,000 cubic feet.

On the ICE Futures exchange in London:

Brent crude fell $1.01 to finish the day at $111.05 per barrel.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120112/ap_on_bi_ge/oil_prices_glance

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