Oil Falls After Forecast for Softer Demand
New York, NY, April 12, 2013 -- The price of oil fell to almost $93 a barrel Friday.
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Benchmark oil for May delivery was down $0.33 to $93.18 per barrel in electronic trading on the New York Mercantile Exchange.
Thursday the International Energy Agency lowered its forecast for global oil demand in 2013 by 45,000 a day.
Brent crude, which sets the price of crude used by many U.S. refineries to make gasoline, rose $0.02 to $104.40 a barrel.