Oil prices extended their decline Wednesday, the Associated Press reported. Light, sweet crude for July delivery fell 37 cents to US$133.64 a barrel by noon in European electronic trading on the New York Mercantile Exchange. The contract declined 60 cents to settle at US$134.01 a barrel on Tuesday. Tuesday's pullback in oil prices followed violent swings Monday, when prices surged to a record $139.89 per barrel and tumbled as low as $132.84 before closing down modestly. In other Nymex trading, heating oil futures lost more than 2 cents to US$3.80 a gallon (3.8 liters) while gasoline prices fell nearly 2 pennies to US$3.3991 a gallon. Natural gas futures added 6.3 cents to US$13.016 per 1,000 cubic feet. Brent crude futures fell 5 cents to US$133.67 a barrel on the ICE Futures exchange in London.
