After going close to $87 per barrel mark, Crude oil for May delivery settled in New York with prices falling under $86 per barrel.

It was further reported that the price of May delivery lost $1.13 from a prior settlement to $85.75 per barrel on the New York Mercantile Exchange with the dollar index down 0.3 percent.

Loosing 0.0296 cents, front-month contract heating oil futures for May delivery ended the day at $2.2387 per gallon.

Reformulated gasoline blendstock dropped 0.0383 cents to $2.31 per gallon.

It was also reported that Henry Hub natural gas prices shed 0.084 cents to $4.012 per million British thermal units.

According to the reports of AAA, at the pump, the national average price for a gallon of unleaded gasoline rose to $2.844 per gallon Wednesday from Tuesday's $2.83. (With Inputs from Agencies)