Oil prices tumble as rising US temperatures cut demand

CRUDE oil in New York tumbled for the second straight session as mild northeast weather is expected to trim US fuel demand.

Heating-oil and natural-gas prices also plummeted.

Temperatures in New York will average 5.3 degrees Fahrenheit above normal over the next seven days with heating demand 18% below normal, according to forecaster Earth Satellite Corp. The northeast consumes three-fourths of the US’s heating oil.