Qa'dah 19, 1431, Oct 27, 2010, SPA -- Oil prices reached below $82 a barrel Wednesday in Asia, the Associated Press reported. Benchmark oil for December delivery was down 81 cents at $81.74 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 3 cents to settle at $82.55 on Tuesday. The American Petroleum Institute said late Tuesday that crude inventories rose 6.4 million barrels last week. The Energy Department's Energy Information Administration reports its weekly supply data later Wednesday. In other Nymex trading in November contracts, heating oil fell 2.11 cents to $2.229 a gallon and gasoline dropped 0.21 cent to $2.073 a gallon. Natural gas slid 5.5 cents to $3.299 per 1,000 cubic feet. In London, Brent crude fell 67 cents to $82.97 a barrel on the ICE Futures exchange.
