Oil prices fell Wednesday in Asia, the Associated Press reported. Benchmark oil for January delivery was down 86 cents to $87.83 a barrel at late afternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract hit $90.76 on Tuesday, the highest price since Oct. 8, 2008 before pulling back to settle at $88.69, down 69 cents. In other Nymex trading in January contracts, heating oil fell 1 cent to $2.46 a gallon, gasoline futures gave up 1.4 cents to $2.31 a gallon and natural gas rose 1 cent to $4.41 per 1,000 cubic feet. In London, Brent crude fell 46 cents to $90.93 a barrel on the ICE Futures exchange.
