Crude drops 27 cents in New York

Crude oil prices were lower on Tuesday.

October contracts for West Texas Intermediate on the New York Mercantile Exchange dropped 27 cents near the close of floor trade to $71.70 per barrel, while Brent crude for October delivery was 45 cents lower to $70.50 per barrel in the Intercontinental Exchange in London.

Nymex September gasoline fell 2 cents to $2.02 per gallon, while October heating oil dropped 1 cent, also to $2.02 per gallon.

October natural gas, on the other hand, rose 23 cents to $5.82 per million British thermal units.