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Sliding equities, higher dollar and slow manufacturing send oil down
NEW YORK, Feb. 25 () -- The price of a barrel of crude oil shed $1.27 Monday to close near $92 per barrel as equities tumbled on Wall Street.Prices, which were pressured by equities and a higher dollar, had little support from manufacturing data from China, as well. The HSBC Purchasing Manager's Index for China for February came in with a positive 50.4, just ahead of the break-even point of 50. Economists had been expecting the index to match January's mark of 52.3.On the New York Mercantile Exchange,[url=http://www.leedpe.com/]christian louboutin sale[/url], West Texas Intermediate crude oil for April delivery ended the day at $92.09 per barrel. Gasoline prices on the exchange dropped 4.13 cents to finish at $3.2335 per gallon.Heating oil shed 3.88 cents to $3.0686 per gallon. Natural gas gained 18.9 cents to hit $3.466 per million British thermal units.At the pump, the national average price for a gallon of regular unleaded gasoline was unchanged from Sunday to Monday at $3.777 per gallon,[url=http://www.leedpe.com/]louboutin shoes sale[/url], the AAA Daily Fuel Gauge Report said.