Crude oil prices dropped

Crude oil prices dropped more than $2 after the U.S. Department of Energy lowered its global oil demand estimates and concerns about possible disruptions to the oil supply from Iran eased. Light sweet crude for March delivery fell $1.51 to $63.60 a barrel. Heating oil lost 5 cents to $1.7580 a gallon, while gasoline declined 4 cents to $1.6050. Natural gas dropped 25 cents to $7.75 per 1,000 cubic feet.