NEW YORK (AP) — The price of oil fell for the sixth time in seven days as the catalysts that drove it above $110 earlier this month lose strength.
U.S. benchmark oil for November delivery was down $1.22, or 1.2 percent, to $103.53 in early afternoon trading on the New York Mercantile Exchange after falling close to $103 a barrel in the morning. Oil has dropped 6 percent since closing at a two-year high of $110.53 on Sept. 6.
Analysts said the apparent progress being made in the elimination of Syria's chemical weapons, a seeming thaw in relations between Iran and Western powers and the return to markets of crude from Libya and South Sudan were weighing on oil prices.
Brent crude, the benchmark for international crudes used by many U.S. refineries, was down $1.14, or 1 percent, to $108.08 a barrel on the ICE Futures exchange in London.
In other energy futures trading on Nymex:
— Wholesale gasoline fell 5 cents to $2.63 per gallon.
— Natural gas lost 5 cents to $3.64 per 1,000 cubic feet.
— Heating oil retreated 4 cents to $2.97 per gallon.
Pablo Gorondi in Budapest and Pamela Sampson in Bangkok contributed to this report.
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The attorney for a state cop fired last week for shooting at a minivan full of kids tells News 13 her client deserves his job back.
An Albuquerque Police officer involved shooting over the weekend marks the fifth since late October and city officials are taking notice.
A woman was stolen from her daughter's car, a woman who died more than five years ago.
Albuquerque police shot and killed a man Sunday night after responding to an assault call near UNM.
Deputies were led on a chase around 4 p.m. Monday after a person called 911 to report their vehicle had been stolen and was being driven recklessly around Albuquerque.
New Mexico could have hundreds of millions of dollars more to spend as legislators get ready to put together next year's budget in the upcoming legislative session.