Oil prices dip as fears ease over frigid weather in US

Oil futures dipped below $46 a barrel yesterday as traders assessed what appeared to be a short-lived cold snap in the United States, where cold weather and tight heating oil supplies helped drive prices higher last week.

Light, sweet crude for January delivery dropped 64 cents to $45.64 per barrel on the New York Mercantile Exchange. On London’s International Petroleum Exchange, February Brent crude fell 94 cents to $42.45 per barrel.

http://www.boston.com/business/globe/articles/2004/12/21/oil_prices_dip_as_fears