Oil prices dropped Wednesday after the government said U.S. supplies grew more than expected last week, according to AP. Benchmark West Texas Intermediate crude fell $1.53 to finish at $102.67 per barrel in New York, while Brent crude lost 81 cents to end at $117.97 per barrel in London. The Energy Information Administration reported that U.S. crude oil supplies grew by 3.9 million barrels last week. Analysts expected an increase of 400,000 barrels. The government's weekly report also said that U.S. oil demand dropped 2.7 percent, gasoline demand fell 2.8 percent, compared with a year ago. In other energy trading, heating oil gave up less than a penny to finish at $3.1182 per gallon and gasoline futures lost 3.13 cents to end at $3.2027 per gallon. Natural gas futures were unchanged at $1.9510 per 1,000 cubic feet.
