Prices also deflated after Shell announced it was bringing back 180,000 barrels of daily oil production in Nig-eria. Goldman Sachs, meanwhile, said it would end its participation in the New York Harbor unleaded gasoline contract, as expected, but wouldn’t roll its money into another contact.<\/p>\n
Gasoline prices fell 9 percent to a four-month low, as big funds bailed out of the contract after a terrorist plot was foiled in the UK. <\/p>\n
European carriers canceled flights to Britain, where airports were experiencing massive delays. There were delays in the United States, too, amid heightened security.<\/p>\n
Tom Bentz, an analyst at BNP Paribas Commodity Futures in New York, said the news “revives fears, and causes people to cut travel plans, which has a contracting effect on petroleum demand.”<\/p>\n
Light, sweet crude for September delivery dropped $2.35, or more than 3 percent, to settle at $74 a barrel on the New York Mercantile Ex-change \uff97 erasing all of this week’s gains, and more. It was the lowest settlement price since July 28.<\/p>\n
Gasoline futures dropped 18.33 cents to finish at $1.9889 a gallon, the lowest it’s settled since finishing at $1.9766 on April 7. Heating oil futures fell 8.13 cents to settle at $2.0250 a gallon. <\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices fell more than $2 a barrel yesterday as thwarted airplane attacks led many carriers to cancel flights, which could mean dampened jet fuel demand and weaker consumer confidence.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-243035","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=243035"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243035\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=243035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=243035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=243035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}