Oil prices slide under $79

June 21, 2012 at 6:47 PM   |   0 comments

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NEW YORK, June 21 (UPI) -- Crude oil prices dropped to less than $79 per barrel in New York Thursday on weak manufacturing data from China.

West Texas Intermediate crude for August delivery started the day near $80 per barrel, but closed at $78.31. Natural gas for July delivery shed 0.4 cents to hit $2.578 per million British thermal units. Home heating oil added 0.99 cents to $2.533 per gallon.

Gasoline moved higher, adding 0.81 cents to reach $2.4601 a gallon.

At the pump, the national average price of unleaded gasoline lost a penny, dropping to $3.472 per gallon from Tuesday's $3.487, AAA said.

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