Crude oil prices drop Friday

NEW YORK, July 10 (UPI) -- Crude oil prices dropped below $60 per barrel on the New York Mercantile Exchange Friday, as the economic recovery appears to have stalled.

A month ago, crude oil prices peaked for the year above $72 per barrel. On Friday, prices fell 68 cents to $59.88 per barrel. Heating oil prices fell 0.0064 cents to $1.5296 per gallon. Reformulated blendstock gasoline dropped 0.0098 cents to $1.655 per gallon. Natural gas prices lost 0.062 cents to $3.356 per million British thermal units.

At the pump, the average price for a gallon of regular unleaded gasoline was $2.565 Friday, down from Thursday's $2.58 a gallon, AAA said.