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Crude oil prices back under $80

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Published: Oct. 23, 2009 at 6:41 PM
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NEW YORK, Oct. 23 (UPI) -- Crude oil prices dropped under $80 per barrel on the New York Mercantile Exchange Friday after reaching a peak for the year this week.

Crude oil prices closed at $81.19 per barrel Thursday after reaching higher in mid-session. On Friday, prices settled further, dropping 87 cents to $79.63 per barrel.

Heating oil prices also dropped, losing 0.0141 cents to $2.0615 per gallon. Reformulated gasoline prices shed 0.0088 cents to $2.035 per gallon. Natural gas prices lost 0.16 cents to $4.787 per million British thermal unit.

At the pump, the national average price of unleaded gasoline was $2.636 per gallon Friday, up from Thursday's $2.616, AAA said.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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