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Benchmark West Texas Intermediate crude for March delivery fell $1.15 to settle at $85.58 a barrel on the New York Mercantile Exchange. That's lower than the price on Jan. 25, when the demonstrations in Egypt began. Investors have been concerned that the anti-government protests over the past 18 days could spread to other parts of the Middle East and disrupt oil supplies. Now that Mubarak has stepped down, the military says it will oversee a democratic transition to a new government. "The market is getting whipsawed," oil analyst Stephen Schork said. "Everyone is playing the card that stability in Egypt is good for oil" shipments. In other Nymex trading for March contracts, heating oil fell 1.49 cents to settle at $2.6958 per gallon and gasoline lost less than a penny to settle at $2.4652 per gallon. Natural gas lost 7.6 cents to settle at $3.910 per 1,000 cubic feet. In London, Brent crude fell 50 cents to settle at $100.94 a barrel on the ICE Futures Exchange.
[Associated
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