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Oil prices drop as US "fiscal cliff" talks stall

Bangkok (AP) -- the international crude oil prices fell on Thursday concerns rise, the head above the "fiscal cliff" if political leaders fail to achieve the budget agreement, before the end of the year to cut government deficit.
February delivery benchmark crude oil futures prices 45 cents at Bangkok at noon time on the New York mercantile exchange in electronic trading at $89.53 a barrel. The contract jumped $1.58, or 1.8%, on Wednesday, to close at $89.51 a barrel in New York. It is in a month's biggest ever prices.
President barack Obama and republican house speaker John boehner negotiation between get the cheese. The White House threatened to veto the alternative course, avoid to be automatic to increase taxes and cutting government spending on January 1, to take effect, if there is no deal.
If there is no the deal, frequently billions of dollars in spending cuts and tax increases will be effective, may cause the economy back into recession, analysts say. This plan is likely to mean that reduce energy demand.
Other energy futures trading, the international oil price, delivery varieties of the north sea brent crude oil futures prices fell 35 cents to $110.01 a barrel in London.
On the New York mercantile exchange:
- heating oil down 0.1 cents, to $3.02 a gallon.
- gas rise 3 cents, $3.347 per 1000 cubic feet.
- gasoline wholesale slightly down to $2.7327 a gallon.




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