NEW YORK, Nov. 27 (UPI) -- Crude oil prices per barrel ended lower Friday, closing out the short week at $76.05, down $1.91, or 2.4 percent, on the New York Mercantile Exchange.
The drop was attributed in part to nervous traders reacting to news of a possible $60 billion default by a Dubai conglomerate, MarketWatch.com reported. The per-barrel price tumbled more than 7 percent in intraday trading, but rallied to finish at a 2.2 percent loss.