Crude oil prices were down nearly $99 a barrel in New York by the end of the day Monday, a drop of nearly $1 since last week. West Texas Intermediate crude was at $99.20 per barrel as prices appear to have found a new plateau near $100.
Investors are increasingly focused on the debt ceiling debate in Washington, where negotiations have stalled. House Speaker John Boehner, R-Ohio, walked out on the negotiations Friday, intensifying speculation the United States could go into default.
Home heating oil Monday shed 0.48 cents to $3.103 per gallon. Reformulated blendstock gasoline prices lost 2.67 cents to $3.1034 per gallon.
Henry Hub natural gas prices gave up 2.5 cents to $4.361 per million British thermal units.
At the pump, the national average price of unleaded gasoline dropped slightly to $3.694 per gallon from Sunday's $3.696, AAA said.
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